Pakistan Company News

Material Information of Telecard Limited

Karachi, Telecard Limited informed Pakistan Stock Exchange that the subsidiary Supernet infrastructure solution private limited has announced Public Announcement of intention “PAI” to acquire Hallmark Company Limited “HCL”, a company listed on the main board of Pakistan Stock Exchange “PSX”.

“Telecard Limited Company was incorporated in Pakistan on October 29, 1992 as a public limited company. The Company itself and through its subsidiaries is licensed to provide fully integrated telecommunications services, including basic wireless telephony, long distance and international services and payphones.

Launched in the mid 90’s as a payphone operator, Telecard has evolved over the years to become Telecom operator in Pakistan; with licensed Long Distance & International and Local Loop Services combined with end-to-end corporate voice and data solutions.

The Company is listed on Pakistan Stock Exchange with the total numbers of shares i.e. 300,000,000. The Earnings per shares is (0.36) in 2020 which was (0.20) in 2019. The Company had a loss of Rs. (109,288,000) in 2020 which was (60,469,000) in 2019.”