PTCL registers 15 per cent growth


STAFF REPORT LHR: The Pakistan Telecom Company Limited (PTC) has announced its 1H2013 result, posting consolidated EPS of Rs1.54 as against EPS of Rs1.34 in the corresponding period last year, translating into a growth of 15 per cent on year to year basis. While on a standalone basis, PTC registered an EPS of Rs0.66, up 12 per cent on year to year basis.

interesting reading:  PTCL helping Coronavirus affected families in Sukkur


The result is above our and consensus estimates. The primary reasons for the deviation from our estimates are 1) higher than expected revenue, possibly due to higher than anticipated international incoming minutes and 2) lower than expected financial costs. On a QoQ basis, the 2Q2013 earnings have surged by 36 per cent on the back of higher revenues.

interesting reading:  Fun & sports Gala 2019 organize by PTCL ends in Ibd


The key highlight from the result is the announcement of a cash dividend (of Rs1/share) by PTC for the first time since 9MFY11. Currently we maintain our Hold stance on the stock with a target price of Rs27, however, we flag the potential resolution to the property dispute with Etisalat as a key sentiment booster for the stock.

interesting reading:  PTCL initiates its 1st Digital Learning Hackathon 2019

Web Team

Web Team

Technology Times Web team handles all matters relevant to website posting and management.

Leave a Reply