PTCL posts record revenue of Rs 131.2bn for FY13

ISLAMABAD: The Pakistan Telecommunications Company Limited (PTCL) has posted impressive financial results in 2012-13.
According to the PTCL Board of Directors (BoD) announcement, the PTCL group’s revenue for 2012-13 stood at a record amount of Rs 131.2 billion or $1.29 billion, while the group’s net-profit stood at Rs 15.8 billion or $155.02 million.
The financial results for the year ended December 31, 2013 were announced at the company’s BoD meeting held on Sunday in Abu Dhabi, UAE. The company posted revenues amounting to Rs 81.1 billion while a net profit of Rs 12.7 billion was also reported.
“The positive growth of PTCL’s revenue streams and net profits, points to our dynamic corporate strategy and our enhanced customer base,” said PTCL CEO and President Walid Irshaid following the BoD meeting. “Our dynamic corporate leadership and talented human capital has cascaded into PTCL’s impressive financial strides and rising shareholder value.”
“This strong performance during a sluggish economy has yet again proved that PTCL leads the ICT sector of Pakistan, added Walid.
The company has also declared a final cash dividend of Re 1.0 per share for the year ended, in addition to already paid interim dividend of Re 1.0 per share in July 2013. Thus the collective dividend for FY13 stood at Rs 2.0 per share.
The company’s market share in the broadband, wireless and specialised telecom solutions segments has increased significantly during FY13 through introduction of state-of-the-art products and unmatched affordable services. 

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