Corporate corner: PTCL announces results for Jan-Mar
The gross and net profit of the group stood at Rs8.5 billion and Rs0.716 billion, respectively
PHOTO: PTCL
Pakistan Telecommunication Company Limited (PTCL) announced results for the first quarter of financial year 2015, stating that revenues clocked in at Rs30.2 billion for the period ended March 31, 2015. It further added that gross and net profit of the group stood at Rs8.5 billion and Rs0.716 billion, respectively.
The company said that cash flows remained strong owing to the steady growth in subscriber base. The release added that PTCL earned revenue of Rs19.2 billion during the period and its net profit was recorded at Rs2.5 billion, while gross profit remained Rs 6.1 billion. Walid Irshaid, CEO at PTCL, said, “PTCL’s strategy of investment in next generation communications has translated in a robust first quarter performance.”
Published in The Express Tribune, April 17th, 2015.
MOST READ
Gold prices rise continuously, further increases today
Several Pakistani cricketers ready to leave BBL
Qatar agrees to cancel 24 LNG cargoes as Pakistan reopens local gas wells
Pakistan’s real exchange rate strengthens to 104.8 as rupee holds firm
Foreign nationals busted running Ponzi scheme in DHA Karachi
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ