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Site update: April 20 2021, at 15:45 PKST
Stock update: April 20 2021.

Recent Financial News about PTC (Pakistan Telecommunication Company Limited)

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Tuesday, April 13 2021

PTCL posts 7pc revenue growth during Q1
ISLAMABAD - Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its financial results for the quarter ended March 31, 2021 at its Board of Directors’ meeting held in Islamabad on April 11, 2021. The significant growth in revenues was mainly driven by strong performance in consumer segment and continued growth momentum in business services that supported PTCL in posting 7% growth in revenues for the first time since Q1 of 2014. This was achieved despite the negative effects of the coronavirus pandemic. Speedy deployment of Fiber-To-The-Home (FTTH) network under project ‘Sunrise Pakistan’, aggressive commercial strategy that aimed at improving customer experience and expansion of digital portfolio successfully helped the company get topline growth back on track. This topline growth and efficient cost control program improved bottom line significantly. PTCL Group Highlights • PTCL Group posted revenue of Rs 33.9 billion in Q 1, 2021 that is 6.7% higher as compared to the same period of last year, which was mainly contributed by PTCL and U Bank. • U Bank continued its growth momentum and has achieved a 26.5% growth in its quarterly revenue over same period of last year.
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