Tag: Pakistan Telecommunication Company Limited

  • 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.

  • PTCL declares 5pc decline in annual profit to Rs6.03 billion

    PTCL declares 5pc decline in annual profit to Rs6.03 billion

    KARACHI: Pakistan Telecommunication Company Limited (PTCL) on Wednesday announced a five percent decline in annual profit for the period ended December 31, 2020.

    According to financial results, the company announced after tax profit of Rs6.03 billion for the year 2020 as compared with the profit of Rs6.35 billion in the preceding financial year.

    The company declared earnings per share at Rs1.18 for the year ended on December 31, 2020 as compared with Rs1.24 in the preceding year.

    The company had announced no cash dividend or bonus share for the year under review.

    The gross profit of the company fell to Rs14.99 billion for the year 2020 as compared with Rs16.98 billion in the preceding financial year, showing a decline of 11.72 percent.

    Administrative expenses of PTCL were almost flat at Rs6.7 billion as compared with Rs6.75 billion a year ago.

  • PTA renews PTCL’s license for next 25 years

    PTA renews PTCL’s license for next 25 years

    The Pakistan Telecommunication Authority (PTA) has officially renewed the operational license of the Pakistan Telecommunication Company Limited (PTCL) for the next 25 years.

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  • PTCL awarded optic fiber cable projects worth Rs3 billion

    PTCL awarded optic fiber cable projects worth Rs3 billion

    KARACHI: Pakistan Telecommunication Company Limited (PTCL) has been awarded two optic fiber cable projects worth Rs3 billion for providing connectivity in various districts of Sindh province.

    The Universal Service Fund (USF) has awarded two Optic Fiber Cable (OFC) project contracts worth approximately Rs3 billion to PTCL for providing connectivity in Ghotki, Kashmore, Sukkur & Khairpur districts at a special ceremony held at Governor House, Karachi, a statement said on Monday.

    Imran Ismail, Governor of Sindh was accompanied by Syed Amin Ul Haque, Federal Minister for Information Technology (IT) and Telecommunication on the occasion.

    The contracts were signed by Haaris Mahmood Chaudhary, CEO, USF and Nadeem Khan, Acting CEO & Group Chief Financial Officer, PTCL.

    Senior officials of the Government of Sindh, Ministry of IT and Telecommunication, USF and PTCL were also present at the ceremony.

    On the occasion, Imran Ismail, Governor of Sindh said: “Today’s event marks another landmark achieved in the history of Pakistan and will go a long way in taking the developmental work being done by Government of Pakistan to a greater level. I am also hopeful that with the consistent efforts and spirits, Ministry of IT and Telecommunication will continue to undertake more challenging and productive programs in the future, for the promotion of IT and Telecommunication related services.

    “I would like to congratulate Federal Minister for IT and Telecommunication Syed Amin ul Haque, the dynamic teams of USF & PTCL on award of these projects that have been designed to connect 372 Educational Institutions, 170 Health Facilities, 217 Government Offices and 131 Banks within 5 KM radius of the node.

    “I wish them all the very best for implementation of project objectives.”

    Imran Ismail said that these projects will not only provide a digital highway for seamless broadband coverage to people residing in Ghotki, Kashmore, Sukkur and Khairpur Districts but also improve the lives of people, create job opportunities for them and empower local communities.

    Syed Amin Ul Haque, Federal Minister for IT and Telecommunication while addressing on the occasion said: “I believe that Imran Khan, Prime Minister of Pakistan, realizes the importance of information technology for the country as he envisioned Digital Pakistan and proved his commitment to turn this vision into reality.”

    Syed Amin ul Haque also lauded the great performance of Ministry of IT and Telecommunication and its affiliated organizations. Moreover, IT parks are being created across the country, along with Data Centers, policy on Cloud, cyber security, manufacturing of Smart phonesand much more.

    Speaking at the ceremony, Nadeem Khan, Acting CEO & Group Chief Financial Officer, PTCL said: “Being the national carrier, PTCL is the backbone of country’s communication infrastructure and primary internet service provider. We serve people of Pakistan from large metropolitan cities to remote rural areas. We are glad to collaborate with USF for establishment and operation of optical fiber connectivity in Ghotki, Kashmore, Sukkur and Khairpur districts. Aligned with the vision of a Digital Pakistan, we are committed to play our role in supporting the underserved communities and empower them for a better future.”

    While sharing his views at the ceremony, Haaris Mahmood Chaudhary, CEO, USF said: “I take the opportunity to say here that all these achievements have only been possible due to constant efforts of the Government of Pakistan. Federal Minister and Secretary for IT and Telecommunication have been torch bearers of the vision for a “Digital Pakistan” and have enabled USF to transform the lives of people of the country. They have given us tremendous cooperation, help and support, without which all this could not be achieved.