Home Press Release PTCL reports exceptional progress in net earnings Financial Results by Q1 ‘2019

PTCL reports exceptional progress in net earnings Financial Results by Q1 ‘2019

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Pakistan Telecommunication Company (PTCL) has announced its financial result for the quarter ended March 31, 2019, which shows that the Profit after Tax of the company has observed a remarkable growth of 95%. Thus, the net profits for the quarter have been recorded at Rs. 1.9 billion.

This surge in PAT can be easily attributed to the growth in company’s non-core income, which escalated by 66.2% to Rs. 1.4 billion.

Further relief in financial stability was brought in by steadiness in financial costs, which stood firm at Rs. 1.5 billion while income from core and non-core operations continued to grow.

Even though the tax expense grew by a decent margin of 66%, the company still managed to report an exceptional progress in its net financial earnings.

Profit and loss account for the quarter ended March 31 2019 (Rupees’000)
 Mar-19Mar-18% Change
Revenue33,534,96430,291,92410.71%
Cost of services-24,042,384-21,858,7089.99%
Gross profit9,492,5808,433,21612.56%
Administrative and general expenses-4,858,483-4,434,5339.56%
Selling and marketing expenses-1,623,494-1,748,705-7.16%
Operating profit3,010,6032,249,97833.81%
Other income1,469,732884,24066.21%
Finance cost-1,598,315-1,581,3451.07%
Profit before taxation2,882,0201,552,87385.59%
Provision for income tax-884,106-530,01066.81%
Profit for the period1,997,9141,022,86395.33%

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