Key Takeaways:
- PTCL Group’s revenue increased by 15.3% year-on-year, reaching Rs160.6 billion for Q3 2024.
- Operating profit reported at Rs1.6 billion, with a net loss of Rs15.3 billion.
- The consumer segment, particularly fixed broadband and mobile data, significantly contributed to revenue growth.
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 maintained its momentum and solidified its position as a major telecom service provider in Pakistan, according to a press release on Tuesday. The Group’s revenue increased by 15.3% year-on-year to Rs160.6 billion, primarily driven by strong performance in the consumer segment, particularly in fixed broadband, mobile data, and wholesale and business solutions.
The Group reported an operating profit of Rs1.6 billion, although it faced a net loss of Rs15.3 billion. Throughout 2024, PTCL continued to perform strongly, achieving revenue of Rs79.5 billion during the first nine months, an 11.1% increase compared to the same period last year. This growth was mainly fueled by the success in fixed line and wholesale and business solutions segments.
