PTCL shows healthy results for Q1FY14

STAFF REPORT ISB: PTCL, the largest ICT service provider in Pakistan, has announced its strong first quarter results riding on the back of its growing fixed and wireless broadband business.

The companys revenue during the period stood at Rs 21.1 billion and showed a significant increase of 9 per cent, with net profit standing at Rs. 3.4 billion, while gross profit was recorded at Rs. 7.6 billion.

PTCL cash flows remain healthy and stable due to the consistent growth in the subscriber base and strong market position.

PTCL Group revenues were Rs. 33.4 billion for the period ended March 31, 2014, an increase of 4 per cent over the same period last year, while net earnings stood at Rs. 4.4 billion.

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