Pakistan Telecommunication Company Limited’s financial results for the year ended 30th June, 2011

Karachi: We have to inform you that the Board of Directors of our Company in their meeting held on September 07, 2011 at 02:30 p.m. at Islamabad Serena Hotel, Opposite Convention Center, Sector G-5, Khayaban-e-Suhrwardy, Islamabad recommended the following:

 

i)  Cash Dividend: Nil
ii) Bonus Shares: Nil
iii) Right Shares: Nil
iv) Any Other Entitlement: Nil
v) Any Other Price Sensitive Information

 

The financial results of the Company are as follows:

 

June 30, 2011

June 30, 2010

(Rupees in thousand)

Revenue   55,254,014 57,174,527
Cost of Services  (41,814,765) (38,361,472)
———- ———-
Gross profit 13,439,249 18,813,055
Administrative and general expenses  (7,375,956) (7,121,019)
Selling and marketing expenses (2,281,485)  (2,142,324)
Other operating income 7,839,617  5,134,646
  ———-  ———-
Operating profit 11,621,425 14,684,358
Finance costs  (207,519)  (403,240)
 ———-  ———-
Profit before tax 11,413,906 14,281,118
Taxation (3,985,736) (4,986,966)
  ———- ———-
Profit for the year 7,428,170 9,294,152
Other comprehensive income for the year
Unrealised gain on available for-sale investments-net of tax 30,590  –
 ———-  ———-
Total comprehensive income for the year 7,458,760 9,294,152
 ———- ———-
Earnings per share-basic and diluted (Rupees) 1.46 1.82

 

 

The Annual General Meeting of the Company will be held on October 19, 2011 at 10:30 a.m. at Islamabad Serena Hotel, Opposite Convention Center, Sector G-5, Khayaban-e-Suhrwardy, Islamabad.

The Share Transfer Books of the Company will be closed from October 12, 2011 to October 19, 2011 (both days inclusive).

 

For more information, contact:
Farah Qamar
Company Secretary
Pakistan Telecommunication Company Limited
PTCL Headquarters,
Sector G-8/4, Islamabad
Web: www.ptcl.com.pk
Tel: 051-2263732

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