- The telecom operator has lost money for the second year in a row.
- WorldCall Telecom’s sales dropped from Rs. 3.1 billion in 2020 to Rs. 2.11 billion in 2021.
- Omen Tel put in $20 million to cover its debts.
In the year 2021, WorldCall Telecom Limited suffered a startling loss of Rs. 1.5 billion throughout the course of the year.
The company’s losses have gone up by a huge 927 percent. This is because the company’s services aren’t making as much money as they used to, and the cost of running the business keeps going up.
The financial results show that WorldCall’s sales dropped from Rs. 3.1 billion in 2020 to Rs. 2.11 billion in 2021.
The telecom operator has lost money for the second year in a row. WorldCall Telecom said that it had lost Rs. 1.5 million in 2020. The operator kept making losses that were about the same as before.
In 2021, the company lost Rs. 0.06 per share, but in 2021, it lost Rs.
After 5 years, WorldCall Operators began to make money again in 2017. Omen Tel put in $20 million to cover its debts when it stopped being a major sponsor of the company. This made the business profitable.
With this money, the telecom operator made money in 2018 and 2019, with profits of Rs. 447 million and Rs.72 million, respectively.
WorldCall Telecom couldn’t keep making money in 2019, so it reported more losses that went into the following year.
Before, the telecom operators also talked with PTCL and Dunya Group, but the operator was never able to reach a deal to sell its shares to either of these groups.
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