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Ufone Profits Up 82 %, Revenues Up 16 % in First Half 2011

By Mehwish Khan · Monday, Mar 21, 2011 2 Comments

The revenue earned by PTML (Ufone), the wholly-owned subsidiary of PTCL, was higher by 16%, while the profit of PTML (Ufone) was recorded 82% higher in first half 2011 as compared to same duration last year, said the half yearly financial report published by PTCL.

Figures for profits and revenues were not made public, but according to Telecom Recorder’s estimates based on last year’s reports, Ufone’s revenues stood around Rs. 25 billion and profits remained at Rs. 2 billion during the reported duration.

Citing a PTA report, Telecom Recorder claims that Ufone received the highest traffic of SMS. It witnessed exchange of more than 10 billion SMS in July to December 2010.

In December only, the SMS sent on Ufone network was recorded 2.25 billion whereas the outgoing and on-net SMS numbers hit at 2.15 billion, further said the Telecom Recorder.

Ufone added a total of 725,902 subscribers during July-December 2010.

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Tags: Financial Results, Industry, Profits, PTCL, PTML, Reports, Revenues, Stats, Telecom, Ufone

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