Financial result: PTCL announces six-month earnings

Revenues stand at Rs28.1 billion during July to December 2011.

ISLAMABAD:

Pakistan Telecommunication Company Limited’s (PTCL) has announced net profit of Rs2.84 billion in its half-year earnings for the six months ending December 31, says a press release issued on Wednesday.

“PTCL’s revenue growth during first half of FY2011-12 is a strong indicator of our dynamic corporate direction as well as our customers’ continued satisfaction and trust,” said PTCL CEO & President, Walid Irshaid, following a meeting of the company’s board of directors held to announce the company’s six-month financial results. “Through optimal use of resource, we want to achieve enhanced revenue, greater levels of customer satisfaction, as well as improve our shareholders’ value.”

PTCL’s net revenue stood at Rs28.1 billion, showing a growth of 7% over the previous financial year.

In 2011, PTCL also launched a tablet with built-in EVO Wireless Broadband. Currently available in more than 100 cities of Pakistan, the 7-inch touch screen tablet powered by Google Android Froyo 2.2 offers uninterrupted wireless broadband Internet connectivity on the go.

“We are constantly innovating and improving our customer experience,” said Irshaid, while recounting the successes of PTCL’s most recent business offerings. “We strongly believe that PTCL will remain the market leader and a service provider of choice throughout Pakistan for providing cutting-edge integrated telecom solutions to our customers.”

Despite the economic challenges faced by Pakistan, PTCL remained strong throughout 2011 in emerging segments of Broadband in Wire-line as well as Wireless, and other corporate services. PTCL was declared the leading operator in Pakistan by PTA’s 2011 Quality of Service survey for providing the highest quality Broadband Internet service to consumers.

Published in The Express Tribune, February 23^rd, 2012.