PTCL posts double-digit growth in net revenue

Pakistan Telecommunication Company Limited (PTCL) on Wednesday announced its financial results for the first nine months of 2019.

PTCL’s revenue for the nine months has grown by 4.5pc to Rs98 billion year-on-year (YoY). Ufone revenue has increased 6pc, while UBank, a microfinance banking subsidiary of PTCL, showed significant growth of 50pc in its revenue over last year.

The company’s operating profit and net profit for 9M2019 decreased by 15pc and 32pc respectively as a result of high inflation, significant devaluation of PKR against USD and higher power tariffs.

PTCL’s revenue of Rs53.8 billion for the nine months is slightly higher by 0.4pc than last year. It’s flagship fixed broadband services posted revenue growth of 5pc.

Article continues after this advertisement

PTCL continued its journey to upgrade its top revenue-generating exchanges under the Network Transformation Project (NTP) in different parts of Pakistan. For the 95 exchanges fully transformed to date in 12 cities, the yearly revenue growth was even higher at 12pc and there was a 35pc reduction in customer complaints.

Fiber-To-The-Home (FTTH), deployed in major cities with more than 100,000 lines, has also received a positive response from the customers.

- Advertisement -

2 COMMENTS

  1. PTCL literally changed Pakistan reference to telecom., sector despite the mobile phone sector new/vibrant GSM technology. Some areas bearing centuries old “Dhobi Ghat Cable” black color Drop Wire are not compliant to the UN-Sustainable Development Goals of Broadband accession would essentially require FTTH for broadband access, to comply with the UN-SDG which is G-Pon (Giga byte Optical Network)would enhance revenue, QOS, and customer satisfaction at fractional capital cost of upgradation. The work force is disciplined, polite and courteous due to the management policies of the company. Some minor structural changes would lead the company enhance its market share which is taken by Zong-Fiber from PTCL in view of lack of G-Pon network in areas.

  2. This is a fake news ptcl is a worst internet provider company absolutely fake complain rectification and any other side by side issues.

Comments are closed.

- Advertisement -

Must Read

Tech sector continues to thrive, prosper: WIPO report

Despite the economic devastation wrought by Covid-19, the new technology sector continued to thrive and prosper last year, the UN’s World Intellectual Property Organisation’s...