Karachi November 1 2023: During the first quarter fiscal year 2023, World Call closed its financial results reporting PKR 1.6 billion as loss after tax compared to PKR 1.2 billion last year.
Positive movement in revenue was witnessed and corresponding hike in direct costs aligned with the earlier. Finance cost witnessing adverse movement on account of increase in KIBOR. The significant devaluation of PKR (Rupee-Dollar-Parity) has severely affected the profitability of the Company.
WTL's future outlook is all about technological transformation; roadmap of which may be segregated in broader segments of (1) Fiber to The Home (FTTH) planned deployment & penetration in urban areas and (2) strategic alliance with World Mobile Group (WMG) by lending technological/ logistic support to them in their initiatives for the underprivileged nations around the globe namely “connect the unconnected” and broadband for all. Pivotal point which needs utmost emphasis is that our existing infrastructure is massive, ample and positioned in a way to fully augment and advance business segments mentioned hereinabove and our future technological expansion