Pakistan Telecommunication Company Limited (PTCL) has announced consolidated revenues of Rs 100.5 billion for nine-month ended on September 30. The financial results for the period ended September 2013 were announced at the Company''s Board of Directors (BoD) meeting held here on Tuesday. PTCL group posted a revenue growth of 16 percent with Net Profit amounting to Rs 11.3 billion for the period under review, while gross profit stood at Rs 35.98 billion.
PTCL''s revenue stood at Rs 60.7 billion and showed a significant increase of 31 percent, with net profit standing at Rs 9.3 billion, while gross profit was recorded at Rs 20.8 billion. Walid Irshaid, President & CEO PTCL, expressed his pleasure and said, "Our results reflect the strength of our business model and strong commitment of our team. Our business decisions are geared towards adding value for our stakeholders while continuously seeking avenues for innovation in terms of our products and service offerings."
"PTCL is on a growth trajectory and our revenues are increasingly being driven from broadband services. We have been investing heavily to build broadband infrastructure over the last two years and this investment has started to bring dividends," added Walid Irshaid.-PR
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