|
Callmate Telips Telecom
Limited is a public limited company listed on the Karachi
Stock Exchange. The company emerged after the merger of
CallTel (Private) Limited and TELIPS and was formally listed
in June 2004. The initial public offering of the company in
2004 was well appreciated by the stock market and we got
overwhelming response from our shareholders and the offer was
well oversubscribed. In the initial public offer, one share of
the company having a face value of Rs. 10 was offered at par
and within a very short span of time the same share is now
being quoted around Rs.
78 (As of Apr 2006).
Third quarter of the current
financial year has been another successful period for the
company in terms of profitability despite increased
competition and consistent pressure on tariff. The success has
been achieved owing to improved profitability profile which
company has been able to accomplish through focused approach
and diversification by entering into international markets.
Following table sets forth a brief statistics of the company
assets and sales:
|
Rupees
in Thousands
|
|
|
As
at Mar 31, 2006
|
As
at Dec 31, 2005
|
As
at Sep 30, 2005
|
As
at Jun 30,
2005
|
|
Total
Assets
|
3,039,688
|
3,197,302
|
2,150,993
|
2,138,973
|
|
Shareholders'
Equity
|
1,615,192
|
1,391,717
|
1,121,420
|
949,719
|
|
|
For
the 3rd Qtr ended
Mar
2006
|
For
the Half Year ended Dec 2005
|
For
the 1st Qtr ended
Sep
2005
|
For
the Year ended
Jun
2005
|
|
Sales
and Services – Net
|
942,970
|
2,414,060
|
957,872
|
3,040,376
|
|
Net
Profit
(before
tax)
|
241,834
|
645,830
|
340,011
|
673,095
|
|
Net
Profit
(after
tax)
|
223,475
|
492,251
|
221,954
|
432,278
|
|
EPS
(Rs.
per share)
|
3.76
|
8.28
|
4.42
|
8.60
|
Our company has very
aggressively launched new schemes to capture more market share
and retain market leadership and by the grace of Allah, we
were able to achieve our targets. The board is pleased to
state that our company managed to achieve an enormous growth,
posting an increase in net sales by 67% as compared with the
nine month results of the same period last year (SPLY). Gross
profit also improved to 37% from 26% in SPLY. Net profit after
taxation showed a remarkable improvement of 2.3 times as
compared to SPLY which registered an increment of Rs. 8.4 in
Earnings per Share (EPS) leading to Rs. 12.04. Brief
comparison of the financial performance of the company for the
nine months and quarter ended March 31, 2006 and same for last
corresponding nine months and quarter is as under:
|
|
Nine
months ended March
31
|
For
the Quarter ended March
31
|
|
2006
|
2005
|
2006
|
2005
|
|
|
Rupees
in Thousands
|
|
Sales
and Services – Net
|
3,357,030
|
2,008,867
|
942,970
|
1,013,032
|
|
Gross
Profit
|
1,228,638
|
527,810
|
360,602
|
290,391
|
|
Profit
Before Taxation
|
887,664
|
333,258
|
241,834
|
234,226
|
|
Profit
After Taxation
|
715,726
|
216,618
|
223,475
|
152,910
|
|
EPS
|
12.04
|
3.64
|
3.76
|
2.57
|
|
