Pakistan Telecommunication Company Limited (PTCL) has announced its revenue generated for the half year ending June 30, 2018. QoQ, the Group’s revenue has grown by 2% during the second quarter of 2018. They presented the report in a meeting attended by the Board of Directors held in Islamabad, today.
The Group’s revenue for the 1st half of 2018 has grown YoY by 4% to Rs. 60.7 billion.
The company has recorded a 21% lower Net Profit compared to 1st half of 2017. PTCL has announced an interim dividend of Re. 1 per share, which equates to a dividend payout of Rs. 5.1 billion.
Ufone revenue has increased by 5% YoY. UBank, a micro-finance banking subsidiary of PTCL, has shown a significant growth of 71% in its revenue over the 1st half of 2017.
PTCL’s flagship Fixed Broadband DSL service posted revenue growth of 8% over 1st half of 2017.
PTCL Group’s operating profit for the period improved by 57%, however, its net profit declined by 45% mainly due to an adverse impact of currency devaluation of Rs. 1.1 billion and positive one-offs of Rs. 1.3 billion last year. Otherwise, the net profit of the Group would have been higher by 28% compared to last year.
They have signed new ICT, Cloud Infrastructure and Managed Services projects in both the private and public sectors. During the second quarter, they signed an agreement with Pakistan Software Export Board (PSEB) for offering Cloud-Based Solutions to software companies and call centers.
PTCL also achieved ISO 27001 & 27017 Certifications for cloud infrastructure services security.
The company partnered with Dawn Films for the movie ‘7 Din Mohabbat In,’ starring top celebrities of Pakistan. Grasping this opportunity, they launched a TV commercial, endorsing 10Mbps Unlimited Internet.
They also sponsored Pakistan Cricket Team in International T20 Cricket series with West Indies and Scotland, Hockey Cup 2018 and Islamabad United Team in PSL3.