Friday, December 1, 2023

PTCL Group Achieved Highest Ever Revenue Growth to Rs. 151.6 Billion in 2022

PTCL (Pakistan Telecommunication Company Limited) has revealed their profit for the year 2022 was calculated Rs9 billion

On the other hand, Ufone has recorded a loss of more than Rs1 billion/month during the same span of time.

During the financial year 2022, PTCL recorded double-digit revenue growth of 10.2% to Rs151.6 billion.

The firm recorded a 8.6% growth in its revenue to Rs83.4 billion from January 2022 to December 2022, the highest in its history.

Whereas, the main revenue earning segments of PTCL, FTTH (Fibre-To-The-Home) and the voice and wireless broadband recorded a downfall because of the customers converting to internet-based voice services and competition from cellular operators.

However, the total profit of PTCL was Rs9 billion, the highest since 2013, and 31.7% higher as compared to last year.

On the contrary, Ufone recorded 7.1% raise in its revenue while the The U Microfinance Bank achieved 35.4% raise during financial year 2022.

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