PTCL Group Posts 3.2% Revenue Growth in Q1, 2022

Pakistan Telecommunication Company Limited (PTCL), the rustic’s main telecom and ICT products and services supplier, has introduced its monetary effects for the quarter ended March 31, 2022, at its Board of Directors’ assembly held in Islamabad on April 13, 2022.

During the primary quarter of 2022, PTCL Group effectively controlled to stay the topline enlargement momentum, which has additional reinforced its marketplace status as an built-in telecom products and services supplier in Pakistan. Growth in income is principally pushed by way of sturdy efficiency in the shopper section led by way of Fixed Broadband, Mobile Data, Business Solutions, and Microfinance products and services that supported the Group in reaching 3.2% enlargement in revenues over the comparative duration in spite of the demanding situations of build up in Advance Income Tax (AIT) and aid in Mobile Termination Rates (MTR).

PTCL Group Posts 3.2% Revenue Growth in Q1, 2022

PTCL Group Highlights

• PTCL Group’s income of Rs 35.1 billion in Q1, 2022 is 3.2% upper as in comparison to the similar duration of final yr.
• The Group’s profitability remained beneath force because of vital hike in energy price lists, devaluation of the Pak Rupee in opposition to USD, upper rates of interest, and different components like prematurely prices related to the purchase of 4G spectrum and comparable community rollout. The Group has posted a internet lack of Rs 1.6 billion.
• PTCL persisted its enlargement by way of posting 3.5% YoY income enlargement in Q1, 2022.
• PTML’s (Ufone) income grew by way of 1% YoY as in comparison to Q1, 2021.
• U Bank persisted its enlargement momentum and has accomplished a 13% enlargement in its quarterly income over the similar duration of final yr.

PTCL Highlights

• PTCL’s income of Rs 19.6 billion for the quarter is 3.5% upper than Q1 2021, principally pushed by way of enlargement in Broadband and Corporate income segments.
• The corporate has posted an working benefit of Rs 1 billion for the quarter. Operating benefit for the duration remained beneath force in comparison to final yr principally because of build up in working prices because of vital hike in energy price lists.
• Net Profit of Rs 1.9 billion for the quarter is 10% upper as in comparison to the similar duration of final yr. Increase in non-operating source of revenue, because of translation acquire at the Company’s foreign exchange denominated property, dividend source of revenue from a subsidiary and acquire on disposal of out of date property because of improve and fiberization of community, has helped flip the 39% lower at working benefit stage to a ten% build up on the internet benefit stage.

During the previous quarters, PTCL principally keen on improving visitor revel in by way of offering the quickest and maximum dependable web products and services beneath its flagship ‘Flash Fiber’ Fiber-To-The-Home (FTTH) emblem. Through an competitive and strong business technique, PTCL controlled to extend its FTTH products and services in 27 towns with capability enhancement for 125,000 new strains all over the previous yr. The speedy rollout of FTTH and powerful efficiency in company section ensured PTCL’s topline enlargement.

PTCL Consumer Business: Steady Performance

During 2022, the corporate’s Fixed Broadband trade grew by way of 10.4% YoY, while IPTV section additionally confirmed a 9.3% enlargement YoY. Within the Broadband trade, Flash Fiber, the corporate’s top rate FTTH carrier, confirmed vital enlargement of 86.6%. The Company accomplished the very best ever Fixed Broadband gross sales in Q1, 2022 since 2015. Voice income circulate has noticed a decline because of decrease voice site visitors and persisted conversion of shoppers to OTT products and services.

PTCL Business Services:

Business products and services section persisted its momentum and sustained its marketplace management in IP Bandwidth, Cloud, Data Center, and different ICT products and services segments. PTCL’s Corporate trade grew by way of 14.0% as in comparison to final yr. Within the Wholesale trade section, provider income grew by way of 6.6% however the total Wholesale section income has declined on account of closure of positive world IP leased circuits. International income, helped by way of the favorable affect of forex devaluation, has larger by way of 13.7% over final yr.
PTCL Business Solutions wing strives to offer leading edge endeavor answers to boost up enlargement via a powerful telecommunication infrastructure and a various portfolio of products and services with enhanced visitor revel in.

PTML – Ufone Highlights:

• Ufone posted a YoY enlargement of one% in topline in Q1 2022 in spite of demanding situations of build up in Advance Income Tax (AIT) and aid in Mobile Termination Rates (MTR). Excluding the affect of those components, the normalized enlargement is 5.3% as in comparison to the similar duration of final yr.
• Significant community modernization process and rollout of latest websites has been performed in Q1 2022.
• UPower, a flagship customer-centric product, used to be introduced all over the primary quarter and has registered super reaction from the shoppers.

With the purchase of 4G spectrum, Ufone’s efficiency in information section has advanced significantly, reaching the very best choice of general information subscribers in the business all over the primary two months of 2022 and continues to extend its proportion of latest 4G subscriber acquisitions in the business. With higher information speeds, Ufone has been ready to give a boost to visitor revel in for its customers around the nation. The contemporary ‘Mobile Networks Benchmark Report for 2022’ by way of PTA additionally declared Ufone as Pakistan’s perfect high quality Voice and Data Network. Attracting vital consideration of cellular customers throughout Pakistan, the release of UPower has resulted in considerable subscriptions to the product. UPower provides its customers the liberty to choose between quite a lot of voice and information bundles adapted to their wishes.

U Bank Highlights:

U Bank, the microfinance and branchless banking subsidiary of PTCL, persisted its enlargement trajectory and has accomplished 13% enlargement in its income. The financial institution grew its investment e-book to Rs 90 billion by way of leveraging its deposit and company finance hands, which is in line with the financial institution’s ambition to care for its awesome liquidity place. Major strategic tasks undertaken by way of the financial institution come with venturing into the cheap housing loans, Islamic Banking area, and world remittance. The financial institution plans to speculate in generation to benefit from the alternatives to be had at the virtual banking entrance.

Corporate Social Responsibility:

As a part of an effort to construct a greener Pakistan, PTCL Group, in collaboration with CDA, organized a tree plantation power by way of attractive its worker volunteer power – PTCL Razakaar. In addition to the advantages related to the surroundings, this power supplied a possibility for PTCL workers to give a contribution in opposition to the combat in opposition to local weather alternate. The identical power used to be performed national throughout North, South and Central Zones, the place workers from quite a lot of towns additionally planted bushes to assist reinforce the initiative.

Check out? PTCL brings its top rate Flash Fiber Internet with Lightning Fast 1 Gbps Speed

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