Lahore, WorldCall Telecom Limited has released its financial results for the half-year and quarter ended June 30, 2023. The company convened its Board of Directors meeting on August 31, 2023, at the WorldCall Head Office in Lahore, where several significant financial details were disclosed.

During the meeting, the Board of Directors recommended no cash dividends and reported that no bonus shares or right shares would be issued. This announcement comes in compliance with Section 96 of the Securities Act, 2015.

The standalone financial results for the company are as follows:

Half-year ended June 30, 2023

Revenue: PKR 1,325,148,000

Direct costs excluding depreciation & amortization: PKR 1,227,666,000

Operating costs: PKR 247,058,000

Other income - net: PKR 172,769,000

Loss before Interest, Taxation, Depreciation, and Amortization: PKR (322,345,000)

Depreciation and amortization: PKR (528,535,000)

Finance cost: PKR (298,121,000)

Loss before Taxation: PKR (1,149,001,000)

Net Loss for the Period: PKR (1,160,855,000)

Loss per Share - basic (Rupees): (0.59)

Loss per Share - diluted (Rupees): (0.57)

Quarter ended June 30, 2023

Revenue: PKR 710,365,000

Direct costs excluding depreciation & amortization: PKR 689,002,000

Operating costs: PKR 125,543,000

Other income - net: PKR 89,719,000

Loss before Interest, Taxation, Depreciation, and Amortization: PKR (193,899,000)

Depreciation and amortization: PKR (260,442,000)

Finance cost: PKR (158,492,000)

Loss before Taxation: PKR (612,833,000)

Net Loss for the Period: PKR (614,695,000)

Loss per Share - basic (Rupees): (0.31)

Loss per Share - diluted (Rupees): (0.31)

The company has also provided consolidated financial results for the same periods. However, the results show losses both at the standalone and consolidated levels. Due to the absence of dividends, no book closure is required.

WorldCall Telecom Limited will transmit its comprehensive report for the half-year and quarter period ended June 30, 2023, through PUCARS separately, adhering to the specified timelines and reporting requirements. The company's financial performance will continue to be a subject of interest and scrutiny among investors and stakeholders within the telecommunications industry.