PTCL declares 38% growth in net profit for first half

PTCL declares 38% growth in net profit for first half

KARACHI: Pakistan Telecommunication Company Limited (PTCL) on Wednesday announced 38 per cent growth in net profit for the half ended June 30, 2021.

The telecom company announced Rs3.74 billion as net profit for the period January – June 2021 as compared with Rs2.7 billion in the corresponding half of the last year.

The company announced 73 paisas as earnings per share for the first half of the year under review as compared with 53 paisas EPS declared in the same half of the last year.

Revenue of the company increased to Rs38.187 billion for the first half of 2021 as compared with Rs35.33 billion in the same half of the last year.

The PTCL declared Rs8.69 billion as gross profit for the six months period of the current year as compared with Rs7.32 billion in the same period of the last year.

Administrative and general expenses of the company increased to Rs3.52 billion as compared with Rs3.16 billion.

The results have been announced by the Board of Directors of the company in their meeting held on July 14, 2021.

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