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PTCL discloses 58% YoY decline in yearly profits

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February 11, 2020 (MLN): Pakistan Telecommunication Limited (PTCL)’s net profits for the year ended December 31, 2019, has reduced by more than half i.e. by 58% YoY to Rs 2.3 billion from Rs 5.7 billion reported in 2018.

During the year, Operating profit of a company remained under pressure mainly due to an increase in operating cost on account of a significant hike in power tariffs.

However, non-operating income has increased due to higher income on investments as a result of an increase in interest rates, translation gain on forex denominated assets.

With regards to revenues, the company witnessed a paltry growth of 2% YoY primarily attributable to strong competition from cellular companies.

 Alongside financial results, the board of directors of the company announced a final cash dividend of Rs 0.50 per share i.e. 5% for the year 2019. This is in addition to the Interim Dividend already paid at Rs 0.50 per share (5%).


Consolidated Financial Results for the year ended December 31, 2019, ended ('000 Rupees)









Cost of services




Gross profit




Administrative and general expenses




Selling and marketing expenses




Impairment loss on trade debts and contract assets








Operating Profit




Other income




Finance cost




Profit before tax




Provision for income tax




Profit for the period





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Posted on: 2020-02-11T15:15:00+05:00