Karachi: Pakistan Telecommunication Company Limited (PTCL) today held its 20th Annual General Meeting (AGM) in Islamabad.
PTCL has announced final cash dividend of 15% amounting to Rs. 1.50 per share, which is a reflection of the strong results achieved during the year ended 31st December 2014. The dividend is in addition to the interim cash dividend of 10% amounting to Rs. 1.00 per Ordinary Share, earlier declared and already paid to the shareholders.
Walid Irshaid, President and CEO PTCL, members of PTCL Board of Directors along with senior management of PTCL Group also attended the meeting.
Azmat Ali Ranjha, Chairman PTCL Board of Directors welcomed all the shareholders and informed them about the various measures undertaken by the PTCL Group to further consolidate, grow its resources and enhance profitability.
Azmat Ali Ranjha, Chairman PTCL Board of Directors while thanking the shareholders said, “Last year’s performance is a testament to PTCL management’s resolve and unwavering focus of its employees to further enhance the company’s profitability. Based on the current solid foundation, we are committed to maximize the shareholders’ value by bringing innovation in our products and services.”
Commenting on PTCL’s role as the national carrier, Azmat Ali Ranjha said, “Being the carrier of choice in high-speed broadband regime, last year proved to be another successful year for the company as it continued to grow its subscriber base and product portfolio, uplifting the nation through leading the digitization revolution. PTCL is not only expanding geographically, but also in terms of products, services and quality of experience. Being the only integrated ICT service provider, PTCL is striving to maintain its competitive edge in the corporate segment.
PTCL plans to stride beyond the traditional connectivity provider by offering 21st century ICT services.”
“PTCL has also remained at the forefront in responding to fellow countrymen, from supporting drought-stricken people of Thar to setting up medical camps and providing facilities to internally displaced persons, as well as carrying out flood relief activities in Central and Southern Punjab last year,” added Azmat Ali Ranjha.
While replying to a question of one of the shareholders, Walid Irshaid, President & CEO PTCL said, “PTCL brand stands for innovation, quality and customer focus. One of our core values and priority as a business remains customer centricity and proving quality and time conscious customer service, backed by the most advanced technologies.”
The shareholders unanimously approved all the agenda items of the meeting including financial statements for the year ended December 31st, 2014.