Financial results of Pak Datacom Limited for Quarter ended September 30, 2019

Karachi, Pak Datacom Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on November 26, 2019.

The agenda of the meeting was discussion of profit and loss account for Quarter ended September 30, 2019 which portrayed a profit of Rs. 9,669,091 with earnings per share 1.00 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Pak Datacom Limited is a subsidiary of Telecom Foundation. The objective of the Company is to set up, operate and maintain a network of data communication and to serve the needs of the subscribers against approved tariff charges. The Company is also authorized to carry out any business relating to communication and information technology whether manufacturing or otherwise, that may seem to the Company capable of being conveniently carried on to enhance the value of or render profitable any of the Company’s property or rights or which it may be advisable to undertake with a view to improve the profitability of the Company subject to applicable licenses from Pakistan Telecommunication Authority.