Pakistan Telecommunication Company Limited (PTCL), on Tuesday announced strong first quarter results riding on the back of its growing fixed and wireless broadband business. PTCL’s revenue during the period stood at Rs 21.1 billion and showed a significant increase of 9 percent, with net profit standing at Rs 3.4 billion, while gross profit was recorded at Rs 7.6 billion. PTCL Group revenues were Rs 33.4 billion for the period ended March 31, 2014, an increase of 4 percent over the same period last year, while net earnings of the Group stood at Rs 4.4 billion.
President & CEO PTCL, Walid Irshaid, expressed his pleasure at this strong performance of the company and said: “Our solid first quarter results again demonstrate our ability to grow our business and perform for our customers and shareholders.”
