PTCL quarterly loss surges to Rs15.3bn
Despite a 15.3 per cent growth in revenues, the Pakistan Telecommunication Company Ltd (PTCL) on Tuesday announced net loss widened by 41pc to Rs15.3 billion in the third quarter of calendar year 2024 compared to Rs10.82bn in the same period of 2023. In a meeting, the board of directors reviewed the financial result and acknowledged PTCL Group’s revenue growth to Rs160.6bn during the July-September period. The meeting noted that the revenue growth was mainly driven by solid performance in the consumer segment led by fixed broadband, mobile data, and wholesale and business solutions. The company said PTCL’s aggressive deployment of Fiber-to-The-Home (FTTH) was the cornerstone of top-line growth.