PTCL Group reports 15pc YoY revenue growth

KARACHI: Pakistan Telecommunication Company Limited (PTCL), the leading telecom and ICT services provider in the country, has announced its financial results for the quarter ending September 30, 2024. The announcement was made during a board of directors meeting held in Islamabad.

In 2024, PTCL Group upheld its momentum and strengthened its position as a major telecom service provider in Pakistan, stated a press release on Tuesday. PTCL Group’s revenue has increased by 15.3 per cent year-on-year to Rs160.6 billion, mainly driven by strong performance in the consumer segment led by fixed broadband, mobile data, and wholesale and business solutions.

The Group has reported an operating profit of Rs1.6 billion and a net loss of Rs15.3 billion.PTCL continued its strong performance throughout 2024. It achieved the revenue of Rs79.5 billion during the first nine months of 2024, which is 11.1 per cent higher than the same period last year, mainly driven by growth in fixed line and wholesale and business solutions segments.