Pakistan Telecommunication Company Limited’s financial results for the year ended 30TH June, 2012

Karachi, September 11, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held on September 11, 2012 at 12:30 p.m. at Islamabad Serena Hotel, Opposite Convention Center, Sector G-5, Khayaban-e-Suhrwardy, Islamabad recommended the following:

1i) Cash Dividend:              Nil

2) Bonus Shares:                Nil

3) Right Shares:                Nil

4) Any Other Entitlement:       Nil

Any other Price Sensitive Information

The financial results of the Company are as follows:

June 30, 2012

June 30, 2011

(Rupees in thousand)

Revenue

60,038,254

55,254,014

Cost of Services

(44,898,012)

(41,814,765)

———-

———-

Gross profit

15,140,242

13,439,249

Administrative and general expenses

(7,770,295)

(7,375,956)

Selling and marketing expenses

(2,478,537)

(2,281,485)

Other operating income

6,596,103

7,839,617

———-

———-

Operating profit

11,487,513

11,621,425

Finance cost

(481,745)

(207,519)

———-

———-

Profit before tax

11,005,768

11,413,906

Taxation

(3,793,689)

(3,985,736)

———-

———-

Profit for the year

7,212,079

7,428,170

Other comprehensive income for the year
Unrealized gain Oil available-for-sale investments-net
of tax

32,387

30,590

———-

———-

Total Comprehensive income for the year

7,244,466

7,458,760

———-

———-

Earnings per share-basic and diluted (Rupees)

1.41

1.46

The Consolidated financial results are as follows:

June 30, 2012

June 30, 2011

(Rupees in thousand)

Revenue

110,793,288

102,551,197

Cost of Services

(72,204,405)

(66,912,075)

———-

———-

Gross profit

38,588,883

35,639,122

Administrative and general expenses

(14,834,673)

(14,029,609)

Selling and marketing expenses

(8,163,769)

(7,510,628)

Other operating income

4,619,417

4,459,484

———-

———-

Operating profit

20,209,858

18,558,369

Finance cost

(3,305,222)

(2,774,014)

———-

———-

16,904,636

15,784,355

Share of profit/ (loss) from an associate

3,751

(1,357)

———-

———-

Profit before tax

16,908,387

15,782,998

Taxation

(5,470,123)

(7,377,376)

———-

———-

Profit for the year

11,438,264

8,405,622

Other comprehensive income for the year
Unrealized gain on available-for-sale investments-net
of tax

32,387

30,590

———-

———-

Total comprehensive income for the year

11,470,651

8,436,212

———-

———-

Earnings per share-basic and diluted (Rupees)

2.24

1.65

The Annual General Meeting of the Company will be held on October 19, 2012 at 10:30 a.m. at Islamabad Serena Hotel, Opposite Convention Center, Sector G-5, Khayaban-e-Suharwardy, Islamabad.

The Share Transfer Books of the Company will be closed from October 12, 2012 to October 19, 2012 (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
Ph: 2263732