KARACHI: Pakistan Telecommunication Co Ltd (PTCL) reported yesterday a 24.7% fall in net profit for the 2006/07 financial year, as rising competition led to a decline in revenues from call traffic.
PTCL, which enjoys a virtual monopoly on Pakistan's land lines and also operates cell-phone and Internet services, earned net profit of 15.64 billion rupees (US$258mil) for the year ended on June 30, the company said in a statement.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
