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PAKISTAN TELECOMMUNICATIONS REGISTERS 16.5% RISE IN H1 PROFIT.
KARACHI, March 3 Asia Pulse - Pakistan Telecommunications Company Limited (PTCL) has reported 16.5 per cent growth in after-tax profit for the six months ended December 31 to Rs9.90 billion, from Rs8.5 billion (US$146.3 million) in the corresponding period of the previous year.
The results for the half year 2002-03 were announced on Thursday, following the board meeting presided by the PTCL chairman, Mr. Akhtar Ahmad Bajwa.
Federal Minister for Information Technology and Telecommunications, Mr. Awais Ahmad Khan Leghari, was also said to have attended the meeting on special invitation.
The board did not declare an interim dividend and none was expected by the market. The share in PTCL, nonetheless, slipped by 20 paisa to Rs20.20 on Thursday, from the previous close of Rs20.40.
Commenting on the results, Mohammad Sohail, head of research at InvestCap Securities said that line expansion coupled with rising local call revenues, on the back of tariff rationalization had helped the company to post revenue ...
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Source: HighBeam Research, PAKISTAN TELECOMMUNICATIONS REGISTERS 16.5% RISE IN H1 PROFIT.