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zeeshan
Joined: 21 Jan 2016
Posts: 655
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| PTCL Profits Down 2.2% in Half of 2016 |
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Confronting distinctive difficulties and operational issues, PTCL Group neglected to support its gainful development amid the second 50% of 2016. Its benefits declined by 2.2 percent when contrasted and a year ago's comparing period.
As per money related results discharged by the organization, PTCL Group posted a benefit of Rs 3.163 billion in the main portion of 2016 as against Rs 3.935 billion reported in the principal half of 2015.
The cut in benefit development was driven by lazy gainfulness of the Group because of waning money related execution in the second quarter, which took a significant plunge by 45 percent from earlier year's quarter.
It merits specifying that in the main quarter of 2016 the Group figured out how to post a record development of 146% benefit versus the primary concern of the earlier years.
second Quarter Performance of 2016
The quarter of April-June saw a benefit of Rs 1.324 billion in 2016 when contrasted with Rs 2.447 billion in benefits for that months of 2015.
The Group incomes descended by 3.4% in the main portion of 2016 on year-on-year premise, remaining at 58.9 billion. It gives an interval money profit of Rs 1 for each offer to its shareholders.
PTCL Company Stats
PTCL Company benefit without its backup, for example, Ufone and U Microfinance bank, went around 8 percent. It secured a benefit of Rs 5.565 billion in the primary portion of 2016 when contrasted with Rs 6.07 billion benefit recorded in the relating time of 2015.
Challenges
One of the known difficulties reported by organization's legitimate is that PTCL Group repaid billion of rupees because of benefits raise for its resigned or ex-workers in the second quarters.
The addition in the annuity was a piece of the administration declaration under the Federal Budget 2015-16, which it actualized late however needed to pay out the updated benefits scale to its almost 40,000 ex-workers.
The new authority of PTCL which expected its office ahead of schedule in 2016 will have devise an arrangement to relieve diverse issues and difficulties that the Group and its backups are confronting.
Keeping in mind the end goal to keep up development in productivity with extension of administrations and operations in the nation in which diverse operations are offering rivalry to its brands in the field of phone and broadband administrations, PTCL has its errand cut out for it.
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| Thu Jul 21, 2016 12:57 pm |
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