Karachi, Pakistan Telecommunication Company Limited has announced the results of its financial performance for the quarter and six months ending June 30, 2023. The company's Board of Directors held a meeting on July 19, 2023, in Islamabad and recommended certain financial actions.
Financial Highlights:
For the quarter ending June 30, 2023 (Un-Audited):
Revenue: Rs. 23,973,121,000
Operating Profit: Rs. 1,504,844,000
Profit for the period: Rs. 1,509,662,000
Earnings per share (basic and diluted): Rs. 0.30
For the six months ending June 30, 2023 (Un-Audited):
Revenue: Rs. 46,920,073,000
Operating Profit: Rs. 2,969,270,000
Profit for the period: Rs. 6,982,050,000
Earnings per share (basic and diluted): Rs. 1.37
Consolidated Financial Highlights:
For the quarter ending June 30, 2023 (Un-Audited):
Revenue: Rs. 47,765,620,000
Operating Profit: Rs. 430,971,000
Loss for the period: Rs. (2,803,994,000)
For the six months ending June 30, 2023 (Un-Audited):
Revenue: Rs. 90,952,348,000
Operating Profit: Rs. 109,546,000
Loss for the period: Rs. (8,519,127,000)
The company reported a profit of Rs. 1,509,662,000 for the quarter and Rs. 6,982,050,000 for the six months ending June 30, 2023. The earnings per share for the respective periods were Rs. 0.30 and Rs. 1.37.
On the other hand, the consolidated financial results showed a loss of Rs. (2,803,994,000) for the quarter and Rs. (8,519,127,000) for the six months ending June 30, 2023.
The company also provided information on dividend and entitlement:
Cash Dividend: Nil
Right Shares: Nil
Bonus Shares: Nil
Any Other Entitlement: Nil
Additionally, the company announced that the "Closed Period" would be observed from July 20, 2023, to July 27, 2023, in compliance with Clause 5.6.1(d) of PSX Regulations. During this period, Directors, the CEO, and Executives are prohibited from dealing in the shares of the company in any manner.
This financial report and Board meeting hold significance for Pakistan Telecommunication Company Limited, and shareholders and stakeholders are eagerly anticipating further insights and actions based on the reported financial performance.