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
