PTCL Roundup: Earnings Up 13%, Rs. 5.354 billion Net Profit. Changes to Student Package
PTCL is in the news as it reported earnings: a net profit of Rs. 5.354 billion for the half year ended on 31st December, 2009. This is a 13% growth compared to same period last year. At the same time, PTCL has withdrawn its high-speed Internet discount for students. In a recent press release, it announced that “PTCL is offering special 30% discount package for the students on 1 Mbps connection on high speed broadband services.” The previous connections of 2MBps and 4Mbps offered to students will be downgraded. To me, this business strategy seems odd. Why would you downgrade a popular package at a time when earnings are good?




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