Financial results of Telecard Limited for period ended June 30, 2016

Karachi, Telecard Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on October 07, 2016.

The agenda of the meeting was discussion of profit and loss account for the year ended June 30, 2016 which portrayed a profit of Rs. 50,106 with earnings per share 0.17 basic and diluted and consolidated profit and loss account for the year ended June 30, 2016 which portrayed a profit of Rs. 52,211 with earnings per share 0.17 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 24, 2016 to October 31, 2016 (both days inclusive).

Telecard Limited is a company incorporated in Pakistan on October 29, 1992 as a public limited company. The company is licensed to provide fully integrated telecommunication services, including basic wireless telephony, long distance and international services and payphones. The shares of the company are quoted on the Karachi and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Islamabad.

The subsidiary companies of the group are Supernet Limited, Telecard Asia (UK) Limited, Telecard E-Solutions Private Limited, Telegateway Limited, Nexus Communications Private Limited, Glitz Communicatioon Private Limited and Globetech Communication Private Limited.

The symbol “TELE” is being used by the stock exchanges for the shares of Telecard Limited.