PTCL posts Rs 7.24 billion net profit in FY2011-12

STAFF REPORT IBD: PTCL has posted a net profit of Rs. 7.24 billion in the financial year 2011-12 posting a steady growth of 9 per cent in its revenue. The annual accounts were announced at the recently held meeting of the PTCL Board of Directors.

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

According to the PTCL BoD announcement, PTCLs group revenue stood at Rs 110.8 billion during the period under review, showing a growth of 8 per cent over 102.6 billion.

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

“PTCL believes in bringing a unique customer experience by offering sophisticated products and improved service delivery” said Irshaid, while reflecting on the extraordinary achievements of PTCL. “We will continue our role of a socially responsible telecom leader by introducing ever more flexible and innovative telecommunications solutions to the masses”, he said.

The company has achieved countrys first One Million Broadband customers mark in May 2012. PTCLs capable workforce continued to bring laurels for the company by winning the prestigious international “ESRI Award” for innovation in GIS technology.

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