PTCL revenues grow 7.3%

Staff Reporter BOL News

18th Oct, 2021. 08:30 pm

A photo file of the PTCL logo.

KARACHI: The Pakistan Telecommunication Company Limited (PTCL) has posted a significant 7.3 per cent growth in its revenues, owing to a robust commercial strategy that cements its market standing, a bourse filing said on Monday.

The company announced its financial results for the nine months period ended September 30, 2021 at its board of directors’ meeting on October 18, 2021.

PTCL posted a revenue of Rs102.4 billion in the first nine months of 2021 that is 7 per cent higher, compared with the corresponding period of the last year.

U Bank continued its growth momentum and has achieved 23 per cent growth in revenues.

Ufone also posted a revenue growth of 4.6 per cent, despite stiff competition in the market.

The PTCL Group delivered robust financial and operational performance and posted a net profit of Rs3.7 billion, compared with Rs1.6 billion for the same period of the last year.

Adsence 300X250