On the back of growing fixed and wireless broadband business and improved corporate services potfolio, Pakistan Telecommunication Company Limited (PTCL) on Tuesday announced stronger second quarter results and declared a 10% interim cash dividend.
PTCL cash flows remain healthy and stable due to the consistent growth in the subscriber base and strong market position.
PTCL Group earned a total revenue of Rs 68.5 billion and recorded a net profit of Rs. 8.2 billion for the quarter ending 30th June. The company has shown an impressive 7% increase in profit before tax compared to the year before.
“Our robust second quarter results again demonstrated the ability of our diversified line of business to perform to the expectation of our shareholders. Despite intensified competition in the telecom market, we have continued to outperform and raise the bar even further for the industry to follow. The growth primarily stems from growing broadband portfolio, while support to the bottom-line also came from improved corporate services portfolio, which has seen a significant increase."
- Walid Irshaid, President & CEO PTCL
