PTCL BoD evaluates shares progress with shareholders

STAFF REPORT IBD: PTCL has recently held its 17th Annual General meeting here which was chaired by Chairman, PTCL Board of Directors, Amir Tariq Zaman and attended by a large number of PTCL shareholders. The meeting apprised the shareholders of the companys ongoing efforts and achievements attainted during the past financial year.

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“Despite the economic challenges facing the country, PTCL has remained strong in emerging segments of broadband both in wire-line as well as wireless and other corporate services,” said Amir Tariq in his opening remarks.

“For the year under review, PTCL Groups profit after tax was Rs. 11.5 billion, 36% higher compared to the profit achieved last year, where Groups revenue was Rs.110.8 billion for the year 2011-12 which is 8% higher as compared to the previous year.”

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He assured the shareholders that all strategies planned and implemented by the board are aimed towards utilizing PTCLs full potential.

He also mentioned that PTCLs planning is to achieve the corporate objectives with competence and determination.

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“Our shareholders sustained confidence and trust in PTCL is a result of our continued commitment to ensuring transparent and seamless flow of information,” said President and CEO PTCL Walid Irshaid “Our strategies revolve around building a unique customer experience by bringing products which meet the needs of the future.”

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