Wateen Telecom has posted Rs 2,020.513 million as after tax loss in the year ended June 30, 2010 (FY10) as compared to profit after tax of Rs 927.763 million in the corresponding period in FY09. The board of directors of the company in its meeting held at Abu Dhabi, UAE declared Rs 4.43 per share loss in the period under review against earning per share of Rs 2.22 in the same period a year back.
According to the financial results sent to Karachi Stock Exchange (KSE), the company's revenue declined to Rs 7.961 billion in FY10 against Rs 15.410 billion in FY09. The cost of sales (excluding depreciation and amortisation) declined to Rs 5.917 billion against Rs 10.607 billion. Depreciation and amortization increased to Rs 1,648.499 million against Rs 946.810 million. The company posted Rs 3.091 billion as loss before taxation in FY10 against profit before taxation of Rs 1.446 billion in FY09.
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