STAFF REPORT ISB: PTCL has announced its annual results for the year 2014, riding on the back of its growing fixed and wireless broadband business.
Of the total 2014 revenues of Rs. 81.5 billion earned by PTCL, the broadband revenues significantly increased by 34 per cent. The companys profitability remained stable in spite of extraordinary expenses on account of a successfully completed voluntary separation scheme as well as losses due to fire and floods. PTCLs group revenues for the year stood at Rs. 129.9 billion.
The financial results for the year ended on 31st December, 2014 were announced at the Companys Board of Directors (BoD) meeting held this month.
The Board of Directors has declared 25 per cent final cash dividend inclusive of 10 per cent interim dividend.
“PTCL revenue growth is a strong indicator of our dynamic corporate direction as well as our customers continued satisfaction and trust of our shareholders,” said Walid Irshaid, President and CEO PTCL. He also said that the company is in a strong position to lead the telecom industry towards a brighter future, our broadband and corporate services portfolio performed exceptionally well in 2014.
The companys market share in the fixed and wireless broadband and specialized telecom solutions segments has increased significantly during FY2014.