Karachi: Telecard Limited has reported a decrease in profit for the financial period ending September 30, 2024, despite an increase in revenue, according to the company's Board of Directors. The consolidated revenue for the company reached Rs. 2.211 billion, up from Rs. 2.109 billion in the previous period. However, the gross profit declined to Rs. 559 million from Rs. 604 million due to higher direct costs.

The company experienced an increase in administrative and distribution expenses, although finance costs saw a reduction compared to the previous period. Consequently, the consolidated profit after taxation dropped to Rs. 93 million from Rs. 167 million, with earnings per share decreasing to Rs. 0.15 from Rs. 0.40.

According to information available from the Pakistan Stock Exchange (PSX), the standalone results for Telecard Limited showed a revenue of Rs. 472 million, down from Rs. 645 million in the corresponding period, which the company attributed to a reduction in Long Distance and International (LDI) traffic. This reduction in revenue led to a lower direct cost, resulting in a gross profit of Rs. 152 million, compared to Rs. 182 million in the same period last year.

Despite higher administrative and distribution expenses, the company managed to reduce finance costs due to lower interest rates, resulting in a post-tax profit of Rs. 14 million, an increase from Rs. 9 million in the previous period. The earnings per share improved to Rs. 0.04 from Rs. 0.03.

Looking ahead, Telecard Limited aims to expand its revenue streams with a commitment to sustainable growth.