Profits at PTCL rose by 32% during the time period, according to the company. The company declared a profit of Rs. 9 billion in 2022 as opposed to Rs. 6.8 billion in 2021, according to a notification to the Pakistan Stock Exchange (PSX).
Due to its great performance in both the retail and commercial divisions, Pakistan Telecommunication Company Limited (PTCL) had an 8.6 percent increase in revenues, while Ufone saw a 7.1 percent increase. U Microfinance Bank, a division of the Group, maintained its robust development and reported 35.4 percent revenue growth in 2022.
During the business’s Board of Directors meeting in Islamabad, the company disclosed its annual financial results for the year 2022.