Pakistan Telecommunications Company Limited (PTCL) has gained net profit of Rs 1,365.160 million in the quarter ended on March 31, 2012 as compared to Rs 949.113 million in the corresponding quarter in FY11. The Board of Directors of the company in its meeting held on Wednesday declared that the company's earning per share increased to Re 0.27 in the period under review against Re 0.19 in the same period last year.
According to the financial results sent to Karachi Stock Exchange, the company's revenue increased by 11.3 percent to Rs 14.834 billion in this quarter against Rs 13.325 billion in the same quarter last year. "PTCL's profits and revenue growth during third quarter of FY12 is a strong indicator of our dynamic corporate direction as well as our customers' continued satisfaction and trust," said PTCL CEO and President, Walid Irshaid, following a meeting of the company's Board of Directors.
"Through optimal use of resource, we want to achieve enhanced revenue, greater levels of customer satisfaction, as well as improve our shareholders' value," he said. According to the PTCL BoD announcement, PTCL's group revenue stood at Rs 28.3 billion during the period under review, showing a growth of 9.7 percent over FY11. Of this, PTCL's revenue was Rs 14.8 billion.
Despite the economic challenges faced by Pakistan, PTCL has remained strong throughout 2011-2012 in emerging segments of Broadband in Wire-line as well as Wireless, and other corporate services. PTCL was declared the leading operator in Pakistan by PTA's 2011 Quality of Service survey for providing the highest quality Broadband Internet service to consumers. PTCL was declared the 'Best South Asian Telecom Operator 2011' by the global telecommunications forum, SAMENA.
"We are constantly innovating and improving our customer experience," said Irshaid, while recounting the successes of PTCL's most recent business offerings. "We strongly believe that PTCL will remain the market leader and a service provider of choice throughout Pakistan for providing cutting-edge integrated telecom solutions to our customers."-PR