ISLAMABAD: Due to the increased operating expenses and jump in the financing cost, the Pakistan Tele­commun­ic­a­t­ion Company Ltd (PTCL) suffered a massive loss of Rs3.4 billion during April-June 2024.

The financial results presented to the Pakistan Stock Exchange (PSX) on Wednesday showed that the loss surged 61 per cent compared to Rs2.1bn in the same period last year.

The increase in losses comes despite a 21pc surge in revenues to Rs55.85bn in April-June 2024, compared to Rs46.04bn in the second quarter of 2023.

During the second quarter of calendar 2024, the company saw its operating expenses rise 32pc to Rs12.97bn compared to Rs9.8bn in the same period last year.

Published in Dawn, August 29th, 2024