Pakistan Telecommunication Company Limited (PTCL) Wednesday announced its financial results for the first quarter ended September 30, 2010. The company has announced a net profit of Rs 2.081 billion as compared to Rs 2.568 billion recorded in the same period last year.
During the last financial year, PTCL continued its strategy of developing new sources of income, on the commercial side. In the financial year 2009-10, the growth momentum of PTCL remained strong in emerging segments of broadband and corporate Services.
During the year, broadband footprint (wire line and wireless) expanded by more than 100 percent resulting in 172 percent increase in revenue from this market segment. PTCL earned profit after tax of Rs 9.294 billion, which was 1.6 percent higher as compared to net profit of Rs 9.151 billion for the last year.
PTCL group revenue during the year under review stood at Rs 98.906 billion, showing a growth of 6.7 percent over last year. Of this, PTCL's revenue was Rs 57.175 billion as compared to Rs 59.239 billion for the preceding year.
To address diversified needs of the customer base, PTCL continued to introduce innovative products and services based on latest technology. PTCL remained the largest and fastest growing broadband service provider in Pakistan. During the period under review, the DSL broadband customer base registered an increase of 110 percent spread over 600 cities and towns with 85 percent market share.
PTCL EVO- Rev-A 3.1 Mbps wireless broadband service based on 3G technology has revolutionised the internet experience in the country. In less than a year, EVO has become the country's fast growing wireless broadband network with connectivity and roaming in over 100 cities across. PTCL also launched its EVDO Rev-B network which offers unparalleled internet speed of up to 9.3 Mbps. This achievement makes PTCL the first operator in the world to launch this service commercially in Pakistan.
Conscious efforts were made to further facilitate landline customers by expanding the spectrum of available services and packages. The geographical reach of popular packages was extended to benefit a broader customer base. PTCL further streamlined its pricing strategy to make it more customer focused by offering convenient payment plans.
President PTCL Walid Irshaid commenting on the results said, "I am pleased to announce that we remained focused on our strategy of positioning PTCL as the leading integrated telecom company in Pakistan providing multiple solutions to business and household market segments and extending vital services to other telecom operators in Pakistan". -PR
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