WorldCall gains investors attention at KSE

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STAFF REPORT IBD: The WorldCall Telecom has been in focus of investors attention at Karachi Stock Exchange (KSE) for past one month as shares trading of the company was witnessed a huge volume with constant improvement in par values.
On Monday, it was once again seen a top performer at KSE 100 index in terms of volume after number of shares traded crossed 30.86 million benchmark with value of a single share settled at Rs 4.05 per share after touching the level of Rs 4.35 per share in intraday session.
It was not a first time that WorldCall Telecom stood in the top ten most favourite companies grabbing attention of the investors owing to its improved financial health, analysts said.
The company posted Rs. 290.250 million ($3.4 million) as profit after tax in the year ended December 31, 2011 as compared to after tax loss of Rs. 1,147.006 million in the corresponding period of 2010.
According to the financial results, the companys net revenue increased to Rs. 8.001 billion in 2011 against Rs. 7.464 billion in 2010.
Meanwhile, WorldCall Telecom received a syndicated $35 million loan facility for the companys expansion and availed the financing against corporate guarantee of Omantel.


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