This post examines the challenges faced by PTCL and its future prospects. As we know the Etisalat owned PTCL has been engaged in battles with new competitors and regulatory body (PTA) on one hand and faces internal organizational issues on the other. Its profits have been sliding. Notwithstanding the grand claims by its executives, Will PTCL be able to reverse the trend and prove to be a good investment?
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April 30, 2007 at 11:38 pm
Babar Bhatti
Results till March 2007 were announced today - PTCL earned July-March net profit of 11.87 billion rupees down 28.7 percent from the previous year’s 15.28 billion rupees, but broadly in line with forecasts by analysts. Earnings per share fell to 2.33 rupees from 3.0 rupees.
The stock, valued at more than $3.1 billion, has gained more than 15 percent so far this year, lagging the main index’s 23 percent rise.
October 31, 2007 at 9:44 am
sahil
free call for ptcl