Karachi: Telecard Limited, a prominent player in Pakistan's telecom sector, has reported a robust financial performance for the fiscal year ending June 30, 2024. The company achieved significant revenue growth both on a standalone and consolidated basis, underscoring its resilience and strategic execution amid a competitive market environment.

For the year, Telecard Limited's standalone revenue increased to Rs. 2.295 billion, a notable rise from Rs. 1.768 billion in the previous year. This growth was largely attributed to increased sales in Value-Added Services. On a consolidated level, the Group's revenue surged to Rs. 10.797 billion, up from Rs. 5.688 billion in the prior financial year. Operating profit also saw an uptick, reaching Rs. 636 million compared to Rs. 563 million in the previous year. These figures demonstrate the Group's ability to effectively navigate challenges and capitalize on market opportunities.

According to information available from the Pakistan Stock Exchange (PSX), Telecard Limited's Board of Directors is composed of a diverse and dynamic team, bringing extensive expertise in business, finance, marketing, and compliance. This diversity ensures strong strategic oversight, while the management team diligently executes the Board's directives to achieve the company's objectives.

The Board is supported by specialized committees that enhance governance and oversight. The Audit Committee ensures the accuracy and transparency of the company's financial statements, while the Human Resource Committee oversees HR policies and succession planning to support sustainable growth and operational continuity.

Telecard Limited remains committed to presenting a clear and comprehensive account of its financial position and prospects. The Board has established a robust system of internal controls, providing assurance regarding the reliability of financial records and the accuracy of information. This framework encompasses key areas such as Financial Reporting, Operational Controls, Treasury Management, Internal Audit, and Employee Integrity.

The Directors have expressed confidence in the company's ability to sustain operations for at least the next 12 months, with the financial statements prepared on a going concern basis. This reflects confidence in Telecard Limited's resilience and sustainability in the telecom sector.