WorldCall posts Rs 410.586 million loss

The after tax loss of WorldCall Telecom has increased to Rs 410.586 million in the half-year period ended on June 30, 2010 as compared to Rs 226.976 million shares in the corresponding period in 2009. The board of directors of the company in its meeting held on Thursday declared that per share loss of the company had surged to Re 0.48 in the period under review against Re 0.26 in the same period a year back.
According to the financial results sent to Karachi Stock Exchange (KSE), the company's net revenue increased to Rs 4.421 billion in the half-year period in 2010 against Rs 3.989 billion in the same period in 2009. The direct cost increased to Rs 3.667 billion against Rs 3.344 billion. The company's operating cost increased to Rs 836.139 million against Rs 593.309 million while the finance cost increased to Rs 377.353 million against Rs 169.022 million.
The company's loss before taxation increased to Rs 508.585 million in the first half of 2010 against Rs 258.578 million in the same period in 2009. On quarterly basis, the company's after tax loss increased to Rs 289.996 million translating earning per share of Re 0.34 in the quarter ended June 30, 2010 as compared to a loss of Rs 155.585 million with per share loss of Re 0.18 in the same quarter of last year.