9 Months Financial Results : PTCL stays on growth path, Rs 4.97 billions profit

PTCL stays on growth path, reports Rs 4.97bn 9-month profit
ISLAMABAD (April 27, 2011): Pakistan Telecommunication Company Limited (PTCL) has earned a net profit of Rs 4.972 billion with an earning per share of Rs 0.97.
PTCL Wednesday announced its financial results for 9 months ended 31st March 2011, it continued its strategy of innovation and futuristic growth. By developing new sources of income, on the commercial side, the growth momentum of PTCL remained strong in emerging segments of broadband and corporate services.
PTCL remained focused on its strategy by providing multiple solutions to the business and household market segments and extending vital services to other telecom operators in Pakistan.
PTCL has special emphasis on high level of customer satisfaction. PTCL network has a number of technologies that work together to provide every possible solution a client could need. It also allows the company to meet the rapidly changing and new emerging technology requirements.
President & CEO of PTCL Walid Irshaid commenting on the results said “I am pleased to announce that we remained focused on our strategy of positioning PTCL as the leading integrated telecom company in Pakistan providing multiple solutions to business and household market segments and extending vital services to other telecom operators in Pakistan”.
He said that PTCL “remains highly conscious of the fact that its success and growth can only come from satisfied customers—and it remains our challenge to provide friendly, seamless and prompt customer’s service.”
To this end, he said, PTCL endeavors to embark on several new projects intended to bring the entity closer to the customers. He further said “we strongly believe that PTCL is poised to grow and remain the leading and dominant integrated telecom service provider of choice for customers throughout Pakistan.”
PTCL success can be evaluated from the fact that PTCL’s broadband service is the largest and the fastest growing with now over 575,000 customers using its DSL broadband services in over 1000 cities and towns across Pakistan.
In the quarter ending March 2011, PTCL increased its broadband DSL market share to almost 90 percent. In addition to this, the broadband DSL business started contributing over half a billion rupees of monthly revenue to the company’s account, making it the highest growth revenue stream in the entire product portfolio of PTCL.
The first quarter of 2011 marked PTCL’s landline services focusing on promotions to increase landline usage and capture interest of its subscriber base. Bonanza promotion was launched to boost on-net usage. World Cup quiz competition commenced with the launch of the Cricket World cup and special promotional tariffs were announced for calls to India, Bangladesh and Sri Lanka.
The last two quarters of the fiscal year marked the launch of two innovative products, first was the launch of Rev B “EVO 3G Nitro”, making PTCL and Pakistan the global pioneers in the industry; while this quarter marked the country’s most innovative launch, “EVO Wi-Fi- Cloud”—Pakistan’s first and smartest mobile Wi-Fi device.
The management and employees of PTCL remain committed to providing quality services at competitive prices through optimal use of resource for achieving enhanced revenue and greater levels of customer satisfaction as well as improved shareholders’ value.

(Published in “DailyTimes” on April 28, 2011)

One Comment


  1. PTCL MANAGEMENT (ETISALAT) INVOLVE IN MONEY LAUNDRING REMIT DIFFERENCE OF ACTUAL PROFIT AMOUNT OF PTCL PROFIT OUT OF PAKISTAN THEIR OWN A/C. 9 MONTHS PROFIT SHOWING INCORRECT FIGURE, THE GAME OF FIGURE ON PAPER & GAMBLING, ACTUAL NET PROFIT ABOUT 90 BILLION.

    THE GOVT. OF PAKISTAN BEING SHARE IN PTCL 62% & GENERAL PUBLIC SHARE HOLDERS 12% MAY TAKE NOTICE OF MONEY LAUNDRING & GAMBLING.

Leave a Reply