STAFF REPORT IBD: The Pakistan Telecommunication Company Limited posted Rs 3.33 billion profit for the first quarter ended March 31 this year up from Rs 2.39 billion during the same period last year, registering a whooping 39.22 per cent increase.
In a statement issued here, the PTCL has said that its revenues stood at Rs 32.18 billion, showing an increase of 13.89 percent in the first quarter when compared with Rs. 28.25 billion during the same period last year.
The company, in its notice sent to Karachi Stock Exchange, said that selling and marketing expenses were recorded at Rs 1.99 billion in the first quarter of 2013, slightly lower than Rs 2.01 billion during the same duration last year.
The company has declared Rs.0.65 earning per share (EPS) in the current year against Rs.0.47 EPS of the last year.
According to the result announced by PTCL, neither cash dividend nor bonus was announced by the company for first quarter of 2013.
Analysts say that this surge in profit is still falling short of expectations (Rs. 4.1 billion or EPS of Rs. 0.82) due to lower revenues from international incoming calls.