Home / Financial Results / Worldcall Telecom Limited’s financial results for the nine months ended 30 September 2011

Worldcall Telecom Limited’s financial results for the nine months ended 30 September 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on 31, October 2011 at 04:00 p.m. at Omantel Head Office, Muscat, Sultanate of Oman have recommended the following:

Cash Dividend       Nil
Bonus Shares        Nil
Right Shares        Nil

The financial results of the company are as follows:

 

Nine Months

Nine Months

Quarter ended

Quarter ended

ended 30

ended 30

30 September

30 September

September 2011

September 2010

2011

2010

(Rupees in “000″)

Revenue – net  5,564,762 5,975,512 1,863,597 1,553,632
Direct Cost  (4,526,731) (5,125,842)  (1,443,321) (1,458,291)
 ——— ———  ———   ———
Gross Profit 1,038,031  849,670 420,276 95,341
Operating Cost  (1,154,092)  (1,212,857)  (406,456)  (376,718)
———   ———  ——— ———
Operating (loss) /profit  (116,061)  (363,187) 13,820  (281,377)
Finance cost (531,090) (558,959)  (185,146)  (181,606)
 ——— ——— ——— ———
 (647,151)  (922,146)  (171,326)  (462,983)
Impairment Loss on available for sale financial assets  (15,470) (65,894) (5,204)  (9,457)
Other operating income 385,243  46,312  322,965 39,297
 ——— ———  ———   ———
Profit before  (277,378)  (941,728)   146,435  (433,143)
Taxation
Taxation  185,813 197,498 61,877 99,499
———  ———  ——— ———
(Loss)/ profit after taxation  (91,55)  (744,230) 208,312 (333,644)
 ———  ———  ——— ———
(Loss)/earning per share –

basic and diluted (Rupees)

 (0.11) (0.86) 0.24  (0.39)

 

Since the company has not declared any payouts, therefore no book closure is required.

Board discussed the funding phase 2 for the Company amounting to US$ 35 million in the form of convertible shares. Various options were discussed for implementation.

Board also ratified management’s action on the TFC-III redemption payment deferral for a period of 60 days.

For more information, contact:
Rizwan Abdul Hayi
Company Secretary
Worldcall Telecom Limited
67 A, C- III, Gulberg-III, Lahore.
Tel: (92 42) 35872636-8
Fax: (92 42) 35755231

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