Islamabad: Country’s leading integrated telecommunication services provider, Pakistan Telecommunications Company Limited (PTCL), has posted net profit of Rs. 7.24 billion in FY 2011-12. The company also showed a steady growth of 9% in revenue. The annual accounts were announced at the company’s Board of Directors meeting.
“The positive growth of PTCL’s revenue streams points to our dynamic corporate identity and strong customer base,” said PTCL CEO & President, Walid Irshaid, following the company’s Board of Directors meeting. “Our dynamic corporate leadership and talented human capital has cascaded into PTCL’s impressive financial strides and rising shareholder value”, said Mr. Irshaid.
According to the PTCL BoD announcement, PTCL’s group revenue stood at Rs.110.8 billion during the period under review, showing a growth of 8% over 102.6 billion.
The telecom giant has yet again proved that it is the leader of the telecommunication sector of Pakistan by posting impressive profits despite a sluggish economy
The company’s market share in the broadband, wireless and specialized telecom solutions segments has increased in the current fiscal year through introduction of state-of-the-art products and unmatched affordable services.
PTCL achieved country’s first One Million Broadband customer’s mark in May 2012. PTCL’s capable workforce continued to bring laurels for the company by winning the prestigious international “ESRI Award” for innovation in GIS technology.
PTCL is continuing its digital revolution, bringing underserved areas into the national telecom loop by launching telecommunications services in Azad Kashmir making it the 18th Telecom region of PTCL.
“PTCL believes in bringing a unique customer experience by offering sophisticated products and improved service delivery” said Mr. Irshaid, while reflecting on the extraordinary achievements of PTCL. “We will continue our role of a socially responsible telecom leader by introducing ever more flexible and innovative telecommunications solutions to the masses”, he said.