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USD40.8 million profit for PTCL; FTTH pilots in deployment

4 Dec 2008

Pakistan Telecommunication Company Limited (PTCL) has released its financial results for the three months ended 30 September 2008, revealing a net profit for the quarter of PKR3.2 billion (USD40.8 million), up 5.5% on the same period last year. Revenues for the operator also grew for the three-month period, up 5.3% year-on-year at PKR16.6 billion. Of total revenues, PKR14.1 billion was from the company’s domestic operations, whilst PKR2.5 billion was from international operations. PTCL attributed the rise in revenues to an increase in domestic long-distance and international outgoing and incoming calls. Operating costs for the company also fell 0.6% for the period, despite an increase in financial charges due to foreign exchanges losses.

The operator also announced that it will deploy fibre-to-the-home (FTTH) technology to meet the increasing demands of its internet customers, announcing that pilot projects will take place in the cities of Lahore, Karachi and Islamabad. The pilot networks are already being deployed.

Pakistan, Pakistan Telecommunication Company Limited (PTCL)

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