Pakistan Telecommunication Company Ltd (PSX:PTC): Financial Results - Q3 Sep2024:
PTC, in Q3 Sep2024, incurred a loss of Rs. 137 million, (Rs. -0.04 per share). This reduces the total net income for the last four quarters to Rs. 0.7 per share. In the last four quarters, the company has paid no cash dividends.
The profit after tax in the current quarter is shows no increase on the average PAT of the previous four quarters.
Compared to same quarter last year; Revenue increased by 9%. Gross profit increased by 33%.
Despite a nearly 9% increase in revenue and an increase in gross margin compared to the previous year, PTC incurred a loss due to a 50% increase in financial charges. On a consolidated basis, PTC reported an after-tax loss of Rs 6.3 billion for this quarter and Rs 15.3 billion for the nine months ending September 2024.
PTC is trading at a price-to-earnings ratio of 23. See PTC Earning Release
