PTCL posts 31% growth in revenue for 1st half of FY 2013

ISLAMABAD (MEDIA)

Pakistan Telecommunication Company Limited (PTCL), the largest ICT services provider in the country, has posted strong financial results in the 1sthalf of FY2013. The financial results for the period ending 30th June, 2013 were announced today at the company’s Board of Directors meeting held at a local hotel in Islamabad.

The PTCL group posted a steady growth of 17% with an increase in Net Profit amounting to Rs 7.9 billion for 1st half of FY2013, while Gross Profit for the period under review stood at Rs 24.1 billion.

Growth in the company’s revenue stream also showed a significant increase of 31 %, with Net Profit standing at Rs 6.3 billion, while Gross Profit was recorded at Rs 13.8 billion.

Mr. Walid Irshaid, President & CEO PTCL while expressing his pleasure at this strong performance of the company said, “Our revenues streams have grown across all spheres of our product portfolio, despite a highly competitive market.  Our commitment is to ensure that our business decisions fulfill several key criteria, including adding value to our shareholders, enhancing our market share in the broadband space, and our capacity and capability to serve our customers across the entire country. This achievement also resonates that our strategy and execution complement each other. Our focus to respond to challenges in the market as new technologies evolve and customers’ changing demands, demonstrates our responsiveness and agility to serve our customers commensurate to their expectations for our products and services”.

“This excellent performance has been achieved through our relentless perusal of excellence, network expansion and scalability, and our commitment to innovation in services as well as the unwavering commitment and support of our employees”, added Walid Irshaid.

On top of producing a strong financial performance that has enabled this healthy growth in 2013, PTCL is continuously investing in infrastructure development that shall further augment its growth and cement its reputation as the leading ICT services provider of the country.

 

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