BTCL records P88m profit, declares dividend

The state-owned telecommunications and Internet service provider said Wednesday that its profit after tax for the period grew by 19% to P88 million, providing a return on investment of seven percent.

The gross profit totalled P468 million during the period, compared to P447 million during the same reporting period last year. It also recorded growth in revenues of P32 million to P774 million during the period with the highest revenue growth achievements mainly in the areas of national telephony with nine percent growth, mobile at six percent and data services with eight percent.