PTCL earnings decline
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KARACHI: Pakistan Telecommunication Company Ltd (PTCL) announced profit after tax at Rs2.70 billion and earnings per share (EPS) at Rs0.53 for the six months ended June 30.
Comparable figures for same period the previous year stood at Rs3.79bn and EPS at Rs0.74.
Revenue declined slightly to Rs35.3bn in the latest six months, from Rs35.8bn same time in 2019.
For the quarter April-June 2020, the telecom posted profit at Rs1.49bn and EPS Rs0.29, as against Rs1.78bn and EPS Re0.35.
Published in Dawn, July 16th, 2020
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Comments (4) Closed
Jul 16, 2020 08:47am
Ptcl can't compete other network providing companies, therefore it goes in downward..
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Jul 16, 2020 02:09pm
How can a telecommunication company see a drop in revenue in a lock down period? I mean I do not understand. Brilliant scholars here such as Zakky, Slowtrack, PakRat and Dear Doctor, please do enlighten. Thanks and Regards.
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Jul 16, 2020 08:37pm
PTCL reported to be worst customer service corporation. It’s internet service often shut down, still they charge the customer. The landline service is horrible. People are switching to cell phones of other Cos
hence PTCL loosing biz.
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Jul 17, 2020 08:03pm
@Vikas, well may be over/addtional expense of executives as no other logics can explain as all telecoms/ISP in the world are making profits. (only crouption can explain this logic)
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