PTCL posts over Rs 131 billion revenue for FY2013

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STAFF REPORT ISB: The PTCL has posted impressive financial results for the financial year 2013 showing a record amount of Rs 131.2 billion (USD 1.29 billion) revenue, while the groups net-profit stood at Rs. 15.8 billion ($155.02 million).


The financial results has recently been announced at the companys Board of Directors (BoD) meeting recently held in Abu Dhabi, UAE. The company posted revenues amounting to Rs. 81.1 billion while a net profit of Rs. 12.7 billion was also reported.


“The positive growth of PTCLs revenue streams and net profits, points to our dynamic corporate strategy and our enhanced customer base,” said Walid Irshaid, PTCL CEO and President, following the BoD meeting. “Our dynamic corporate leadership and talented human capital has cascaded into PTCLs impressive financial strides and rising shareholder value,” said Irshaid.


He also said that this strong performance during a sluggish economy has yet again proved that PTCL leads the ICT sector of Pakistan.


The company has also declared a final cash dividend of Re. 1 per share for the year ended, in addition to already paid interim dividend of Re.1 per share in July 2013. Thus the collective dividend for FY2013 stood at Rs 2 per share.


The companys market share in the broadband, wireless and specialized telecom solutions segments has increased significantly during FY2013 through introduction of state-of-the-art products and unmatched affordable services.


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