PTCL Double-Up And Financial Results

It has been another year of mixed results for PTCL but it is clearly getting on a stable track – Rs. 9 billion profit is not bad. Because of its breadth of coverage, it can offer some interesting services – for example see their latest Double Up package, which has been criticized by other ISPs as unfair. It would get really interesting if PTCL came up with a package offer which includes wireless (voice and/or data) as well. Ufone, its mobile phone arm has shown decent performance, though it could have done better.
In summary, anyone looking for a long term investment should consider PTCL.
PTCL’s Double-Up Unlimited Package offers:

• Unlimited On-net calls & 1Mbps broadband connectivity with unlimited downloads for monthly charge of Rs.1,999.
• unlimited on-net calls & 2Mbps broadband connectivity with unlimited downloads for monthly charge ofRs. 2,999.
• unlimited on-net calls & 4 Mbps connectivity with unlimited downloads only for monthly charge of Rs. 5,999.

Unlimited on-net local & NWD calls include PTCL to PTCL and PTCL to Vfone.
Dawn has more on PTCL financial performance.

Pakistan Telecommunication Company Limited announced profit-after-tax amounting to Rs9.151 billion for the year ended June 30, which was in line with many analysts’ expectations.
Earning per share (EPS) stood at Rs. 1.79. The previous year, the telecom had drifted into loss of Rs. 2.825 billion, translating into loss per share of Re0.55.
The board did not announce a final dividend; the company having already paid an interim cash dividend at Rs1.50 per share.
Given substantial cash holdings, some analysts were looking forward to a bit of more with the final accounts.
The revenue of PTCL for the year under review stood at Rs. 59 billion, which represented 11 per cent decline over the revenue of Rs66 billion earned in FY08.
The dwindling of fixed line subscriber base was thought to be the factor in declining revenue, but sector analysts said that increase in international and broad-band revenues might have prevented a greater fall.