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 18^th 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 30^th 2018 at Rs 1 per share, i.e. 10%.

22239