PTCL earns Rs. 58.5 billion in revenue in first half of 2017
Pakistan Telecommunication Company Limited (PTCL) has released the financial report for the first half of 2017 and it seems promising as a sequential growth of 3% was recorded in PTCL’s revenue in Q2 17 over Q1 17. The company provides telephonic and internet services in the country.
The company released the report in Board of Directors’ meeting in Islamabad on July 19, 2017. Revenue from PTCL’s flagship Broadband service increased over the same period last year. Moreover, the company’s international revenue also increased and did well in wholesale service as well.
The operating expenses were reduced by 2% in a like to like manner. PTCL’s profit after tax during the period, excluding the impact of one-off items, reduced by 7% over same period last year mainly due to a decrease in voice and EVO revenue and lower non-operating income.
According to the company, it earned around Rs. 58.5 billion revenue during the first half of 2017. Excluding the one-off expenditures, the operating expenses were increased by 1% over the same period last year. The company’s profit after tax increased by 27% over corresponding period of last year mainly due to the successful settlement of certain legal issues during the period.
The company has been serving the nation for the past 70 years and is hopeful to serve even further. PTCL continued with the ambitious transformation of its network and in this regard, several more exchanges have been fully transformed with the latest technologies enabling provision of high-end data services up to 100 Mbps speed.
Recently the company has launched its Charji wireless services in Azad Jammu & Kashmir. Moving onward, a new submarine cable viz. AAE-1 (Asia Africa Europe-1), of which PTCL is a consortium member, was launched with connectivity from Hong Kong to France.
The AAE-1 will increase the capacity of PTCL even further.
The Company also continues to modernize its shops and other customer service touch points to ensure the subscribers are provided with excellent service all the time.