PTCL reports exceptional progress in net earnings by 95 percent

10:49
April 17, 2019
MG

April 17, 2019 (MLN): Pakistan Telecommunication Company (PTC) has announced its financial result for the quarter ended March 31, 2019, which shows that the Profit after Tax of the company has observed a remarkable growth of 95%. Thus, the net profits for the quarter have been recorded at Rs. 1.9 billion.

This surge in PAT can be easily attributed to the growth in company’s non-core income, which escalated by 66.2% to Rs. 1.4 billion.

Further relief in financial stability was brought in by steadiness in financial costs, which stood firm at Rs. 1.5 billion while income from core and non-core operations continued to grow.

Even though the tax expense grew by a decent margin of 66%, the company still managed to report an exceptional progress in its net financial earnings.

Profit and loss account for the quarter ended March 31 2019 (Rupees'000)
	Mar-19	Mar-18	% Change
Revenue	33,534,964	30,291,924	10.71%
Cost of services	-24,042,384	-21,858,708	9.99%
Gross profit	9,492,580	8,433,216	12.56%
Administrative and general expenses	-4,858,483	-4,434,533	9.56%
Selling and marketing expenses	-1,623,494	-1,748,705	-7.16%
Operating profit	3,010,603	2,249,978	33.81%
Other income	1,469,732	884,240	66.21%
Finance cost	-1,598,315	-1,581,345	1.07%
Profit before taxation	2,882,020	1,552,873	85.59%
Provision for income tax	-884,106	-530,010	66.81%
Profit for the period	1,997,914	1,022,863	95.33%

Copyright Mettis Link News

Posted on: 2019-04-17T15:49:00+05:00

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PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.30000	278.50000	278.50000	278.30000	03:02 PM
2	EUR	1.07079	1.07084	1.07084	1.07079	09:18 PM
3	GBP	1.24571	1.24577	1.24577	1.24571	09:18 PM
4	CHF	0.91166	0.91174	0.91174	0.91166	09:18 PM
5	JPY	154.79600	154.80600	154.80600	154.79600	09:18 PM
6	CAD	1.36566	1.36573	1.36573	1.36566	09:18 PM
7	AUD	0.64942	0.64945	0.64945	0.64942	09:18 PM
8	INR	83.27540	83.30490	83.30490	83.27540	09:18 PM
9	SAR	3.75070	3.75090	3.75090	3.75070	06:18 AM
10	AED	3.67230	3.67330	3.67330	3.67230	06:16 AM
11	HKD	7.83530	7.83540	7.83540	7.83530	09:18 PM
12	CNH	7.25917	7.25977	7.25957	7.25935	09:18 PM
13	CNY	7.24480	7.24570	7.24570	7.24480	11:52 PM
14	THB	36.89200	36.90300	36.90300	36.89200	09:18 PM
15	MYR	4.77300	4.77800	4.77800	4.77300	09:01 PM
16	IDR	16,133.40000	16,151.30000	16,151.30000	16,133.40000	09:18 PM
17	SGD	1.36031	1.36038	1.36038	1.36031	09:18 PM
18	NZD	0.59422	0.59427	0.59427	0.59422	09:18 PM
19	MXN	16.94680	16.95080	16.95079	16.94683	09:18 PM
20	TRY	32.53180	32.58410	32.58408	32.53176	09:18 PM
21	SEK	10.80020	10.81080	10.80810	10.80022	09:18 PM
22	ZAR	19.09770	19.12790	19.12790	19.09770	09:18 PM
23	NOK	10.90120	10.90910	10.90905	10.90117	09:18 PM
24	DKK	6.96657	6.96724	6.96724	6.96657	09:18 PM
25	ARS	872.71600	872.72600	872.72550	872.71550	09:18 PM
26	BDT	107.51300	110.87500	110.87456	107.51303	09:00 PM
27	BHD	0.37698	0.37703	0.37703	0.37698	06:17 AM
28	BRL	5.13050	5.13350	5.13350	5.13050	09:14 PM
29	KRW	1,368.59000	1,368.74000	1,368.74000	1,368.59000	09:18 PM
30	KWD	0.30799	0.30809	0.30809	0.30799	12:44 AM
31	LKR	295.45900	301.99500	301.99497	295.45868	09:00 PM
32	OMR	0.38498	0.38502	0.38502	0.38498	06:00 AM
33	QAR	3.64600	3.64900	3.64900	3.64600	06:17 AM
34	RUB	93.47000	94.07000	94.07000	93.47000	08:00 PM
35	AFN	70.91800	72.78550	72.78550	70.91801	09:00 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:38 AM
37	TMT	3.35000	3.65000	3.65000	3.35000	08:00 PM
38	MVR	15.26000	15.66000	15.66000	15.26000	08:00 PM
39	UZS	12,614.10000	12,679.50000	12,679.45599	12,614.09316	09:00 PM
40	PHP	57.30500	57.34100	57.34100	57.30500	09:18 PM
42	NGN	1,233.00000	1,234.00000	1,234.00000	1,233.00000	08:24 PM
43	KES	133.00000	135.00000	135.00000	133.00000	08:24 PM
44	AMD	361.45800	417.48400	417.48371	361.45816	09:00 PM
45	TWD	32.51520	32.54520	32.54520	32.51520	09:18 PM
46	XAU	2,320.94000	2,321.27000	2,321.27000	2,320.94000	09:18 PM
47	XAG	27.24370	27.25280	27.25280	27.24370	09:18 PM
48	XPT	910.55000	912.95000	912.95000	910.55000	06:18 AM
49	XPD	1,019.50000	1,027.50000	1,027.50000	1,019.50000	06:18 AM
2,120	VES	36.26120	36.34220	36.34216	36.26125	08:00 PM
2,212	UGX	3,754.65000	3,838.68000	3,838.68377	3,754.64545	09:00 PM
2,213	TZS	2,524.76000	2,618.12000	2,618.12071	2,524.76311	09:00 PM

Data is delayed by 20 minutes

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Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	71,846.64	71,359.405	71,338.43	-74.056	-0.104	383,445,458.0	14,889,881,592.600	23/04/2024 04:13 PM
ALLSHR	47,130.64	46,865.873	46,836.87	-98.781	-0.210	652,962,508.0	24,431,501,771.190	23/04/2024 04:13 PM
KSE30	23,685.35	23,566.856	23,534.69	0.501	0.002	105,787,553.0	9,001,534,258.600	23/04/2024 04:13 PM
KMI30	120,645.96	119,675.932	119,552.66	77.916	0.065	170,342,506.0	8,837,506,407.860	23/04/2024 04:13 PM
KMIALLSHR	33,523.95	33,318.567	33,318.59	-47.008	-0.141	508,418,986.0	19,702,328,669.270	23/04/2024 04:13 PM
BKTi	17,962.81	17,852.482	17,760.93	-63.214	-0.353	24,348,778.0	2,523,701,350.410	23/04/2024 04:13 PM
OGTi	17,099.54	16,869.074	16,809.71	-50.514	-0.299	6,409,607.0	961,700,948.010	23/04/2024 04:13 PM

Data is delayed by 20 minutes

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Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	66,810.0	66,895.0	66,110.0	375.00
BRENT CRUDE	EB	88.4	88.5	88.4	-0.03
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-2.10
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USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	83.3	83.6	83.3	-0.02
SUGAR #11 WORLD	SB	19.6	19.8	19.5	0.02

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