WorldCall’s losses dial down by 32% in 2024

MG News | March 03, 2025 at 09:48 AM GMT+05:00

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March 03, 2025 (MLN): WorldCall Telecom Limited (PSX: WTL) saw its loss shrink by 32.3% in 2024, with the after-tax loss decreasing to Rs1.36 billion [LPS: Rs0.27] from Rs2.01bn [LPS: Rs0.46] in 2023.

According to the financial results, the company’s revenue surged by 71.4% to Rs5.05bn, compared to Rs2.94bn in the previous year.

WTL direct costs, excluding depreciation and amortization, increased by 65.4% but remained lower as a percentage of sales, supporting the overall financial position.

Other expenses dropped significantly by 91.5% to Rs25.39m from Rs299.5m in 2023, contributing to the improvement.

However, finance costs rose by 3.9% to Rs670.63m.

On the tax front, the company recorded a tax credit of Rs97,000 against a prior tax expense of Rs9.35m in 2023.

Consolidated Financial Results For The Period Ended December 31, 2024 (Rupees in '000)
Description	Dec-24	Dec-23	%Change
Revenue	5,046,440	2,943,549	71.44%
Direct costs excluding depreciation and amortization	(4,651,567)	(2,812,226)	65.41%
Operating costs	(430,359)	(471,771)	-8.78%
Other Income	232,250	212,434	9.33%
Other Expenses	(25,394)	(299,497)	-91.52%
Profit/(Loss) before Interest, Taxation, Depreciation, and Amortization	171,370	(427,581)	-140.08%
Depreciation and Amortization	(801,501)	(953,571)	-15.95%
Finance Cost	(670,629)	(605,343)	3.92%
Loss before levy and income taxes	(1,300,760)	(1,986,495)	-34.52%
Levy-final / Minimum Taxes	(63,081)	(36,794)	71.44%
Loss before income tax	(1,363,841)	(2,023,289)	-32.59%
Taxation
- Current Year	97	(9,345)	-101.04%
- Prior Year
- Deferred Tax	97	(9,345)	-101.04%
Loss after income tax	(1,363,938)	(2,013,944)	-32.28%
Loss per Share - Basic (Rupees)	(0.27)	(0.46)	-41.30%
Loss per Share - Diluted (Rupees)	(0.17)	(0.28)	-39.29%

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