PTCL posts Rs. 1.4b net profit in 3QFY11-12

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STAFF REPORT IBD: PTCL has gained net profit of Rs.1.4 billion in its third quarter earnings for financial year 2011-12 for the period ending March 31, showing a growth of 11.3 per cent in revenue.
“PTCLs profits and revenue growth during the third quarter of FY2011-12 is a strong indicator of our dynamic corporate direction as well as our customers continued satisfaction and trust,” said PTCL CEO and President, Walid Irshaid, following a meeting of the companys Board of Directors held here last week.
He said that through optimal use of resource, we want to achieve enhanced revenue, greater levels of customer satisfaction, as well as improve our shareholders value.
According to the PTCL BoD announcement, PTCLs group revenue stood at Rs.28.3 billion during the period under review, showing a growth of 9.7 per cent over FY2010-2011. Of this, PTCLs revenue was Rs.14.8 billion.
Despite the economic challenges faced by Pakistan, PTCL has remained strong throughout 2011-2012.
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 PTAs 2011 Quality of Service survey for providing the highest quality Broadband Internet service to consumers. PTCL was declared the Best South Asian Telecom Operator 2011 by the global telecommunications forum, SAMENA.


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| 12 | 14b | 3QFY11 | Net | posts | profit | PTCL | Rs