PTCL Company Going in Loss – State Bank Report

PTCL Company Going in Loss – State Bank Report 

Daily Urdu Newspaper, The Nawaiwaqt Multan has published the news report referring from State Bank of Pakistan (SBP) that PTCL is going in loss from last year. According to report, Pakistan Telecommunication Company Limited (PTCL) has shown the deficit of Rs. 37 crore rupees in current quarter. While in last year this deficit was Rs.40 crore rupees.

This loss occurred due to highest tax rate on telecom sector and increase in cellular data usage.

“Within telecom,the financial performance of Pakistan telecommunication (PTCL) was not up to the mark due to the lower sales and increased cost . The drop in sales revenues is attributed to decline in revenue from Ufone, and lower tariff from international incoming minutes due to abolishment of ICH arrangement. The market share also reduced for Mobilink and Warid. On the other hand, Telenor and Zong improved their performance and repatriated significantly higher prof its in FY15 compared to last year”.
Teelcom Sector Revenue 2014-2015 PTA Report

Teelcom Sector Revenue 2014-2015 PTA Report

PTCL Company Going in Loss - State Bank Report

PTCL Company Going in Loss – State Bank Report

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