Pakistan Telecommunication Company Limited (PTCL), the leading telecom and ICT services provider in the country, has reported a 15.3% year-on-year (YoY) revenue growth, reaching Rs. 160.6 billion.
This growth was primarily driven by the strong performance of the consumer segment, led by fixed broadband, mobile data, and wholesale & business solutions.
Announcing its financial results for the quarter ending September 30, 2024, following a Board of Directors meeting, the company disclosed an operating profit of Rs. 1.6 billion. However, it also reported a net loss of Rs.15.3 billion.
In 2024, PTCL Group upheld its momentum and strengthened its position as a major telecom service provider in Pakistan. PTCL achieved revenue of Rs 79.5 billion during the first nine months of 2024, which is 11.1% higher than the same period of last year, mainly driven by growth in fixed line, wholesale & business solutions segments.
The company has posted an operating profit of Rs 8.2 billion during the first nine months of 2024, which is 27.6% higher as compared to the same period of 2023. The company has posted a net profit of Rs 1 billion during the period, according to a news release issued here on Tuesday.
PTCL’s aggressive deployment of Fiber-To-The-Home (FTTH) is the cornerstone for the topline growth. Continuing from the past quarters, PTCL’s strategic focus remained on enhancing customer experience by providing the fastest and most reliable internet services under its flagship ‘Flash Fiber’ FTTH brand, which boosts PTCL as one of the leading FTTH operators in the industry with a majority share of the market’s net adds.
PTCL’s fixed broadband business has shown 20.4% YoY growth, whereas PTCL Flash Fiber showed unprecedented growth of 111.5% YoY.
