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  55,254,01457,174,527
Cost of Services (41,814,765)(38,361,472)
———-———-
Gross profit13,439,24918,813,055
Administrative and general expenses (7,375,956)(7,121,019)
Selling and marketing expenses(2,281,485) (2,142,324)
Other operating income7,839,617 5,134,646
  ———- ———-
Operating profit11,621,42514,684,358
Finance costs (207,519) (403,240)
 ———- ———-
Profit before tax11,413,90614,281,118
Taxation(3,985,736)(4,986,966)
  ———-———-
Profit for the year7,428,1709,294,152
Other comprehensive income for the year
Unrealised gain on available for-sale investments-net of tax30,590 -
 ———- ———-
Total comprehensive income for the year7,458,7609,294,152
 ———-———-
Earnings per share-basic and diluted (Rupees)1.461.82

 

 

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