Corporate results: PTCL rebounds in last quarter
Pakistan Telecommunication Company Limited’s (PTCL) net profit fell by 20 per cent to Rs7.46 billion in financial year 2011 due to declining trend in the company’s fixed-line operations.
The decline in earning is primarily on account of shrinking gross margins which fell by 860 basis points to 24.3% in fiscal 2011 compared with 32.9% in the preceding year, said Topline Securities analyst Furqan Punjani.
As a result net sales also fell by 3.5% to Rs55 billion compared with Rs57 billion in same period last year.
Other income increased by 53% to Rs7.8 billion compared with Rs5.1 billion primarily on account of higher returns from bank placements and better dividend from Ufone, added Punjani.
“We strongly believe that PTCL is poised to grow and remain the leading and dominant integrated telecom service provider throughout Pakistan,” PTCL CEO Walid Irshaid said in a press statement.
Alone in the fourth quarter, the company’s unconsolidated earnings per share improved by 75% to Rs0.49 against Rs0.28 in the same period last year, said Punjani.
PTCL has diversified its business and is the largest broadband service provider in the country with a market share of 90 per cent, adds the press statement.
Published in The Express Tribune, September 8th, 2011.
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Respected All,
There are many Optical Network Unit (ONUs) has been installed in many Exchanges. PTCL need more marketing effort to gain it Landline customers back on their network. It has to compete with other mobile companies. There is no loss of signal in the landline and having sound quality of voice. People will be interested in Smart Pack offer.I hope so. God bless PTCL.
Thanks Imtiaz Ahmed Karachi