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PTCL's net profit jumps 38% in 2020

Thursday 11 February 2021 | 08:08 CET | News
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Pakistan Telecommunication Company Limited (PTCL) saw its revenue flat year-on-year at PKR 129 billion for the year ended 31 December 2020. However, if normalized for the impact of Covid-19 and certain regulatory changes, PTCL group revenue was 5.2 percent higher year-on-year, the company said. Mobile unit Ufone passed the milestone of 10 million data customers by expanding its LTE footprint, while the Ubank business achieved a 50 percent revenue growth in 2020 by increasing its customers' loan portfolio and deposits.

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Categories: Fixed
Companies: PTCL / Ufone
Countries: Pakistan
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