PTCL posts strong financial results

KARACHI: Pakistan Telecommunication Company Limited (PTCL), the largest ICT services provider in the country, has posted strong financial results in the first half of financial year 2013.

An announcement on Wednesday said that according to the financial results for the period ending June 30, 2013, the PTCL group posted a steady growth of 17 percent with an increase in Net Profit amounting to Rs 7.9 billion for the first half of FY 2013, while gross profit for the period under review stood at Rs 24.1 billion.

It said that the growth in the company's revenue stream also showed a significant increase of 31 % with net profit standing at Rs 6.3 billion while Gross Profit was recorded at Rs 13.8 billion.