Ufone Profits Tripples in 1st Quarter of 2009-10
Ufone, a subsidiary of PTCL(Pakistan Telecommunication Authority) gets tripple profit in 1st quarter of year 2009-10. PTCL financial repoter said that ufone has posted a net profit of Rs 506 million in the first quarter of 2009-10, which is 3.3 times higher than the amount of same period last year.
Ufone has witnessed an overall revenue increase to 9.214 billion in the closing quarter of 2009-10 as compared to Rs 8.708 billion revenue earned in the same period of last year.
PTA anual reports how that ufone had a downfall of 155 million profit in first quarter of 2008-09 but last year Ufone’s overall revenue increased to Rs 40.060 billion by an increase of 45% which was Rs 27.455 billion last year.
Telecom analysts provided reasons behind Ufone’s steadiness in combating the dire situations, saying that Ufone’s packages that include PTCL landline and wireless calling services coupled with the high traffic of daily SMS bundles have increased its income through its customers. Free minute offers and introduction of Ramadan packages jacked up the revenues of the company in Jul-Sep 2009.
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