PTCL group records loss over debt repayment.
The Pakistan Telecommunication Company Limited (PTCL) Group posted record revenue of Rs90.9 billion for six months ended June 30, 2023, which was 26.8 percent higher compared to the same period of previous year.
While PTCL and Ubank made substantial profits in January-June 2023, the third entity in the group, Ufone, continued to post negative growth primarily due to the low returns received by the mobile telecom industry and high loans.
The results were unveiled...
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