PTCL earns Rs. 58.96 billion revenue

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PTCL earns Rs. 58.96 billion revenue

ISLAMABAD, Jul 20 (APP):Pakistan Telecommunication
Company Limited (PTCL),the country’s leading ICT
services provider has earned Rs. 58.96 billion revenue
during the first half of 2016 whereas PTCL’s revenues
were Rs. 36.2 billion during corresponding period.

The financial results for half year ended June 30,
2016 were announced in the Board of Directors meeting
held here on Wednesday In the meeting, the Board of Directors has declared 10% interim cash dividend to the shareholders, said a press release.

DSL broadband revenues increased compared with
same period last year. However, revenues from Voice
services remained suppressed mainly due to deregulation
of ICH.

PTCL operating expenses during the period were
reduced by 4% compared with same period last year due to
effective cost optimization measures in place. Net
profit of the Company stood at Rs. 5.6 billion.

Although the PTCL Group’s net profit before tax
was increased by 34% compared with same period last year
mainly on account of increased operational efficiency of
PTCL Group, the net profit after tax showed slight
decrease of 2% due to increased new tax charge on
account of 8% minimum tax requirements which was
accounted for in the financial results of half year
2016.

PTCL Group remains committed to provide cutting-
edge ICT products and services to its diversified array
of consumer base throughout the country at competitive
prices using its vast communication infrastructure
capabilities available across Pakistan.