Ufone Business Drives Profits in 3QCY18
Pakistan Telecommunication Company Limited (PTC) held a conference call yesterday to discuss its 3QCY18 result, where the company posted an earnings growth of 60% QoQ to stand at PKR 1.8bn (EPS: PKR 0.48) on consolidated basis. Despite 3% QoQ decline in PTC’s standalone revenues, the company posted a healthy growth of 6% in overall revenue which is mainly attributed to better growth witnessed in Ufone. On YoY basis, Ufone business growth (revenue +21% YoY) was seen on the back of removal of tax measures. Additionally, expanding loan portfolio grew the revenue from Ubank business by 55% YoY in 3QCY18. The company has also booked a net impact of PKR 146m on account of currency depreciation in 3QCY18. On PTC’s standalone basis, the company posted a healthy revenue growth of 15% YoY each from transformed exchanges and corporate services during the quarter. However, fixed voice sales growth witnessed a decline of 9% YoY, which kept the overall revenue flat at PKR 17.3bn in 3QCY18. The company has also recorded an impairment charge of PKR 602m (net impact of PKR 421m) on EVO business during the quarter.
Pakistan Telecommunication Company Limited. Pakistan Telecommunication Company Limited (PTCL) is a Pakistan-based telecommunication operator. The Company offers personal and business services. Its personal services include voice, such as Freedom Unlimited Package, Freedom Plus Package, U Freedom Package, PTCL Utalk Offer, SmartLink, Vfone Tariffs and Vfone Ring Back Tone Service; broadband Internet, such as Lagataar Offer, Broadband Packages, Power Pack, PTCL Videocon and iSentry; wireless broadband, such as Charji EVO, EVO Wingle 9.3, EVO Nitro Cloud, EVO Wireless Upgrade Offer, EVO 3.1 Packages and EVO PSTN Offer, and smart television, such as Smart television and Smart television application. Its business services' products and services include PTCL Cloud (Infrastructure as a Service (IaaS)), PTCL Smart Cloud (Software as a Service (Saas)), managed services, and carrier and wholesale. Its solutions include hosted solution and business connectivity. It also offers international business and business communication services.
Ismail Iqbal Securities (Private) Limited (IISPL) is a TREC holder of the Pakistan Stock Exchange, as well as an SECP registered Underwriter and Book Runner. IISPL provides comprehensive financial services including Equity Sales, Research on Equities and the Macro-Economy, Investment Advisory, Portfolio Management, Corporate Finance, and extensive services for Private Equity investors. IISPL services a diversified client base, from Institutional to Retail Investors including High Net worth Individuals.
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