Islamabad, Oct 15: PTCL Group Posts 15% YoY Revenue Growth in Q3 2024. The nation’s top provider of ICT and telecom services, Pakistan Telecommunication Company Limited (PTCL). Has released its financial results for the quarter that ended on September 30, 2024. At a Board of Directors meeting in Islamabad, the news was made.
The PTCL Group maintained its pace and solidified its standing as one of Pakistan’s leading telecom service providers in 2024.
The PTCL Group
The consumer segment, which is led by fixed broadband, mobile data, wholesale, and business solutions, has seen significant development, contributing to the 15.3% YoY increase in PTCL Group’s revenue to Rs. 160.6 billion.
The Group recorded a net loss of Rs. 15.3 billion and an operating profit of Rs. 1.6 billion.PTCL PTCL maintained its impressive performance in 2024. The rise in the fixed line, wholesale, and business solutions divisions was the primary driver of PTCL’s revenue of Rs. 79.5 billion in the first nine months of 2024, an 11.1 percent increase over the same period the previous year.
In the first nine months of 2024, the company reported an operational profit of Rs. 8.2 billion, a 27.6 percent increase over the same time in 2023. During that time, the company reported a net profit of Rs. 1 billion.
The foundation for the topline increase is PTCL’s ambitious Fiber-To-The-Home (FTTH) expansion. In line with previous quarters, PTCL’s strategy goal was to improve customer satisfaction by offering the quickest
Most dependable internet services under its flagship “Flash Fiber” FTTH brand, solidifying PTCL’s position as one of the industry’s top FTTH operators with a majority of the net additions market.
While PTCL Flash Fiber experienced an unparalleled rise of 111.5 percent YoY. The company’s fixed broadband business has grown by 20.4 percent YoY. With more than 600K FTTH subscribers, PTCL’s concentration on FTTH deployment has produced outstanding results. Solidifying our position as the top FTTH operator. We are dedicated to providing outstanding customer service.
In addition to demonstrating encouraging outcomes in carrier & wholesale and foreign business, the business services segment continued to thrive, solidifying its leadership in IP bandwidth, Cloud, Data Center, and ICT services.In comparison to the same period last year, PTCL’s enterprise business expanded by 38.3%.
PTCL Business Services strengthened its position as a business innovation partner throughout the given period and offered numerous government and enterprise entities cutting-edge hosting and digitalization solutions. Among the notable milestone engagements are the Ministry of Hajj, Bank al Habib, Punjab Safe City, and the Controller General of Accounts.
The PTCL successful entry into the digital content market was furthered by the Wimbledon live broadcast on Shoq. In terms of PTCL plan to increase its digital presence and meet the rising demand for online content, this milestone represents a critical turning point.
Highlights of the Ufone 4G PTML
During the first nine months of 2024, Ufone 4G reported a YoY gain in topline of 25.6%, bolstered by strategic initiatives and strong network expansion. Better customer experience and digital engagement through a number of data-centric products and strategic alliances with top digital platforms that improve digital engagement have made this expansion feasible.
The remarkable expansion of Ufone 4G is evidence of our dedication to digital innovation and client experience. In the month of August 24, Ufone surpassed the 26 million overall base and the 16 million 4G base milestone. Demonstrating its ability to build the base at a faster rate.
By incorporating a number of value-added services (VAS) into its main digital offerings. Ufone 4G is significantly improving its entire digital ecosystem. Ufone is giving its consumers a more complete and richer experience by integrating Golootlo, Waada, Shoq, and UCloud services into its top digital offerings. By offering clients a full digital ecosystem for an improved experience. PTML’s digital brand, Onion, is steadily advancing in the market.
With “Roam Like Home,” Ufone offers seamless international roaming in 27 locations. A cutting-edge global roaming solution that provides hassle-free voice and data access in 27 well-known locations. Ufone customers may stay connected while going overseas without worrying about exorbitant roaming fees thanks to this practical and reasonably priced option.
