PTCL declares Q1FY15 earnings

KARACHI: Pakistan Telecommunication Company Limited (PTCL), the largest Information Communications Technology (ICT) services provider in Pakistan, has declared financial results for the first quarter of FY 2015 (Q1FY15).

PTCL group revenue were Rs30.2 billion for the period ended March 31, 2015, while gross and net profit of the group stood at Rs 8.5 billion and Rs 0.716 billion respectively.

PTCL cash flows remained strong owing to the steady growth in the subscriber base and strong market position backed by the company’s growing fixed and wireless broadband business.

PTCL earned revenue of Rs 19.2 billion during the reported period. Net profit was recorded at Rs 2.5 billion, while gross profit remained Rs 6.1 billion.

Walid Irshaid, President & CEO PTCL said, “PTCL’s strategy of continuous investment in next generation communications infrastructure has translated in a robust first quarter performance and enabled us to deliver for our shareholders. This impetus continued across all of our business segments, especially in our wireless and fixed broadband and enterprise solutions.”

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