AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad: Pakistan Telecommunication Company Limited (PTC) hosted an Analyst Briefing to discuss its recent financial performance and future outlook. The company reported a 16% year-on-year revenue growth for the calendar year 2024 and a 22% increase for the first quarter of 2025, on a consolidated basis.
The management addressed ongoing pressures affecting the company’s bottom line, particularly the impact of finance costs. However, they expressed optimism that these pressures would ease with stable fuel and electricity prices, along with declining inflation and interest rates, which are expected to help trim finance costs.
PTC reiterated its commitment to expanding its Fiber-to-the-Home (FTTH) network, a key focus area for the company moving forward.
Regarding the acquisition of Telenor, management confirmed that all necessary documentation has been submitted to the Competition Commission of Pakistan (CCP) and approval is awaited.
In reference to Ubank, the company stated that profitability is projected to improve in 2025. This improvement is anticipated to be driven by a cleanup of bad debts and a strategic shift towards secured gold-backed lending.