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Pakistan Telecommunication Company posts stable group revenue in 2017

Thursday 15 February 2018 | 07:21 CET | News
Pakistan Telecommunication Company Limited (PTCL) posted group revenue stable year-on-year at PKR 117 billion for the twelve months ended 31 December 2017, after having declined 1 percent in 2016. As a result of the increase in other operating income of the Group mainly due to favorable outcome of certain legal cases and improved bottom line of Ufone, profit of PTCL Group registered 168 percent increase during 2017 compared to the prior year, which included a one off impact of Voluntary Separation Scheme (VSS) offered to staff, the company said. PTCL’s subsidiary UBank also continued to contribute positively to the Group results.

PTCL’s Fixed Broadband service posted revenue growth of 4 percent. Revenue generated by the operator’s Charji/LTE services increased by 26 percent in the period. Corporate and International revenues posted growth of 11 percent year-on-year. PTCL overall revenue is down by 2 percent over last year due to continued decrease in Voice and EVO revenues, which could not be offset by growth in other segments, the company also said. PTCL’s revenue for the year was PKR 69.8 billion and its net profit amounted to PKR 8.4 billion, up 22 percent higher year-on-year.



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Categories: Fixed
Companies: PTCL / Ufone
Countries: Pakistan
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