PTCL profit declines by 44% for the half year ending June 2018
MG News | July 18, 2018 at 03:13 PM GMT+05:00
Pakistan Telecommunications Limited (PTC) today reported its consolidated financial statements for half year ending June 30, 2018.
The results were announced following the Board of Directors meeting on 18th July, 2018 at 2pm.
Compared to the six months ending in June 2017, the company’s revenues increased by 3.68% while its gross profit rose by 12.95%.
Selling and Marketing Expenses jumped by 9.84% while the operating profit jumped by 56.5%.
Other income decreased by 61.6% while finance costs almost double, increasing by a significant 107.65%.
Profit before taxes decreased by 57.7% while the provision for income taxes declined by close to 82%.
Cumulative profit for the period declined by 44.54%.
The company also declared an interim cash dividend for the period ended June 30th 2018 at Rs 1 per share, i.e. 10%.
| Consolidated Profit and Loss Account – For the Half Year Ended June 30th 2018 | |||
| Key Financials | Jan-June 2017 | Jan-June 2018 | % Change |
| Revenue | 58,507,024 | 60,662,125 | 3.68 |
| Cost of Services | (43,903,907) | (44,168,204) | 0.6 |
| Gross Profit | 14,603,117 | 16,493,921 | 12.95 |
| Administrative and General Expenses | (8,893,477) | (8,969,881) | 0.86 |
| Selling and Marketing Expenses | (3,026,746) | (3,324,707) | 9.84 |
| (11,920,223) | (12,294,588) | 3.14 | |
| Operating Profit | 2,682,894 | 4,199,333 | 56.5 |
| Other income | 4,999,396 | 1,917,365 | -61.6 |
| Finance costs | (1,733,760) | (3,600,129) | 107.65 |
| Profit before tax | 5,948,530 | 2,516,569 | -57.7 |
| Provision for income tax | (2,093,325) | (378,479) | -81.9 |
| Profit for the period | 3,855,205 | 2,183,090 | -44.54 |
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 138,412.25 167.69M | 0.32% 447.43 |
| ALLSHR | 85,702.96 423.92M | 0.15% 131.52 |
| KSE30 | 42,254.84 82.09M | 0.43% 180.24 |
| KMI30 | 194,109.59 84.37M | 0.15% 281.36 |
| KMIALLSHR | 56,713.67 217.03M | 0.03% 16.37 |
| BKTi | 37,831.34 13.04M | 1.62% 603.62 |
| OGTi | 27,440.63 3.93M | -0.09% -23.70 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 118,985.00 | 119,275.00 117,905.00 | 1365.00 1.16% |
| BRENT CRUDE | 72.36 | 72.82 72.29 | -0.88 -1.20% |
| RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
| ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
| USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 69.98 | 70.41 69.92 | -0.02 -0.03% |
| SUGAR #11 WORLD | 16.46 | 16.58 16.37 | -0.13 -0.78% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|