STAFF REPORT ISLAMABAD: PTCL has announced its financial results for the 2nd quarter (Oct- Dec) 2010 showing a net profit of Rs 1.94 billion compared to Rs 2.78 billion recorded in the same period last year. PTCL half yearly net profit for year 2010-11 stood at Rs. 4.02 billion compared to Rs. 5.35 billion for the preceding year. In the first half of the financial year 2010-11, PTCL continued its strategy of innovation and futuristic growth, said a press release.
By developing new sources of income, on the commercial side, the growth momentum of PTCL remained strong in emerging segments of Broadband and Corporate Services.
One of the major highlights of the first half of the current financial year was the launch of IMEWE submarine cable-13000 kilometer of the most advanced fiber optic submarine cable travelling through three continents to interconnect South Asia to Western Europe. IMEWE along with PTCL’s previous two submarine cables namely SMW3, SMW4 holds the status of a backbone for country’s telecommunication infrastructure.
Another big achievement was the launch of PTCL’s Data Centers in Karachi and Lahore, which are designed and built to accommodate comprehensive data in a secured, managed and climatically controlled environment.
President PTCL Walid Irshaid commenting on the results, said, “We remained focused on our strategy of positioning PTCL as the leading integrated telecom company in Pakistan providing multiple solutions to business and household market segments and extending vital services to other telecom operators in Pakistan”.
http://www.technologytimes.pk/mag/2011/march11/issue01/ptcl_posts_rs_194b.php
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