PTCL Announces Financial Results of 2013

PTCL Announces Financial Results of 2013

Pakistan Telecommunication Company Limited (PTCL), country’s largest integrated telecommunications services provider, has posted impressive financial results in FY2013.

According to the PTCL Board of Directors announcement, the PTCL Group’s revenue for FY2013 stood at a record amount of Rs 131.2 billion (USD 1.29 billion), while Group’s net-profit stood at Rs. 15.8 billion (USD 155.02 million).

The financial results for the year ended 31st December 2013 were announced at the company’s Board of Directors (BoD) meeting held on Feb 2, 2014 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.

Walid Irshaid, PTCL CEO & President, said:
[pull_quote_center]The positive growth of PTCL’s revenue streams and net profits, points to our dynamic corporate strategy and our enhanced customer base. Our dynamic corporate leadership and talented human capital has cascaded into PTCL’s impressive financial strides and rising shareholder value.[/pull_quote_center]

The company has also declared a final cash dividend of Re. 1 per share for the year ended, in addition to already paid interim dividend of Re.1 per share in July 2013. Thus the collective dividend for FY2013 stood at Rs 2 per share.

The company’s market share in the broadband, wireless and specialized telecom solutions segments has increased significantly during FY2013 through introduction of state-of-the-art products and unmatched affordable services.