Qudsia Bano

The Pakistan Telecommunication Company Ltd.’s revenue climbed 6% to PKR71.7 billion in the six months ending June 30, 2022 compared with PKR 67.8 billion in the corresponding period last year. However, the gross profit registered a negative growth of 13% during the six months of CY2022 and remained at PKR15.5 billion from PKR18 billion in the corresponding period of the previous year. The net loss increased 204% to PKR3.1 billion compared with a profit of PKR2.93 billion in the corresponding period last year, reports WealthPK.

As of Dec 31, 2021, the President of Pakistan owned 62.18% of the shares of the company, associated companies 26.00%, banks, development financial institutions, and non-banking financial institutions 1.89%, insurance companies 2.15%, modarabas and mutual funds 0.55% and the general public (local) 4.60%, while others held 2.63%.

Financial Performance 2021

During the CY 2021, the company maintained a strong sales trend, generating a net sales revenue of PKR76.9 billion with an increase of 7% as against PKR71.8 billion in 2020.  The gross profit for the year 2021 was PKR16.5 billion 10% up from PKR15 billion the previous year. Profit after taxation for the year was PKR6.9 billion with a decrease of 14% compared to a profit of PKR6.03 billion in the corresponding period of the previous year.

The earnings per share of the company witnessed a mix of trends during recent years. From 2017 to 2020, the EPS showed a decreasing trend and reached PKR1.18 in 2020, and then increased to PKR1.35 in 2021.

The Pakistan Telecommunication Company Limited (PTCL) is a Pakistan-based telecom operator that provides both commercial and personal services. Its personal services include voice, broadband Internet, wireless and smart television. Voice services include Freedom Unlimited Package, Freedom Plus Package, U Freedom Package, PTCL Utalk Offer, SmartLink, Vfone Tariffs and Vfone Ring Back Tone Service. Broadband Internet services include Lagataar Offer, Broadband Packages, Power Pack, and PTCL Videocon. Its commercial offerings include managed services, carrier and wholesale, PTCL Cloud (Infrastructure as a Service (IaaS)), and PTCL Smart Cloud (Software as a Service (SaaS)). Hosted solutions and corporate connections are among its offerings. Additionally, it offers global business and business communication services.