The Pakistan Telecommunication Company Limited (PTCL) on Monday announced Rs 3.33 billion profit for the first quarter ended on March 31, 2013, registering an increase of 39.22 per cent against Rs.2.39 billion in the same period of the last year.
The profit of company was surged due to increase of revenue, other operating income and a decline of selling and marketing expenses.
The revenue of the company stood at Rs 32.18 billion, witnessing an increase of 13.89 per cent in the first quarter when compared it with Rs.28.25 billion of the same periods of the last year.
In the same way, the other operating income has also shown a surge by 75.40 percent from Rs 0.70 billion for the period ended on March 31, 2012 to Rs 1.23 billion in the same period of the current year.
Aside from this, selling and marketing expenses recorded at Rs 1.99 billion in first quarter of 2013, showing a decrease against Rs 2.01 billion during the period under view.
The company has declared Rs.0.65 earning per share (EPS) in the current year against Rs 0.47 EPS of the last year.
According to the result announced by PTCL, neither cash dividend nor bonus was announced by the company for first quarter of 2013. Talking to APP, Stock Analyst of Aba Ali Habib Pvt Ltd, Zaheer Ahmed said that the result announced by PTCL was not satisfactory but it was at improving position.
“The market was expecting more the profit with dividends to be announced by the company but it did not due to decline of revenue which was to be generated from International calls”, he added.
