Islamabad
The country’s leading telecom and ICT services provider, Pakistan Telecommunication Company Limited (PTCL), posted a significant 7.3% growth in its revenues, owing to a robust commercial strategy that cements its market standing.
The company has announced its financial results for the nine months period ended on September 30, 2021 at its Board of Directors’ meeting on October 18, 2021.
PTCL group
PTCL Group posted a revenue of Rs 102.4 Billion in first nine months of 2021 that is 7% higher as compared to the same period of last year. U Bank continued its growth momentum and has achieved 23% growth in revenue.
PTML (Ufone) also posted revenue growth of 4.6% despite stiff competition in the market. PTCL Group delivered robust financial and operational performance and posted a net profit of Rs 3.7 Billion as compared to Rs 1.6 Billion for the same period of last year.
PTCL
PTCL’s revenue of Rs 57.3 Billion for the nine months period is 7.3% higher than the same period last year, mainly driven by Broadband and Corporate & Wholesale business segments. The company has posted operating profit of Rs 3.7 Billion, which is higher by 44.3% compared to the same period of last year.
Net profit of Rs 5.7 Billion has significantly increased by 39.2% from last year. The company is upgrading its existing infrastructure and network, besides expanding FTTH across the country to offer seamless connectivity for greater customer experience. Prompt deployment of FTTH and strong performance in Corporate and Wholesale segments are the cornerstone in PTCL’s topline growth, which along with focus on cost optimization program, has significantly increased the company’s profitability.
