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ADN Telecom sees 13pc growth in net profit

December 06, 2018 00:00:00

(From left) ADN Telecom Limited Independent Director Ghulam Rasool, Director Md. Moinul Islam, Chairman Asif Mahmood, Director Waqar Ahmad Choudhury and Managing Director Henry Hilton seen on the dais at the 15th annual general meeting of the company in the city on Tuesday

ADN Telecom Limited, a leading IT and telecommunication service provider of the country, registered a net profit growth of 12.93 per cent in the fiscal year 2017-18.

The company, which is expected to be listed with the stock exchange soon, disclosed the earnings figure at its 15th annual general meeting (AGM) held in the city on Tuesday, presided over by its chairman Asif Mahmood.

Managing Director Henry Hilton, directors Md. Moinul Islam and Waqar Ahmad Choudhury, Independent Director Ghulam Rasool, shareholders and senior officials of the company were present at the AGM.

This year, the company announced 6 per cent cash dividend for its shareholders, said a statement.

During the last fiscal year, AND Telecom's net revenue and gross profit also increased 10.97 per cent and 16.60 per cent respectively.

The company offers seamless and secure connectivity with a wide range of data, voice and internet services to its domestic and international clients through wireless, fibre and satellite connections, said the statement.

The meeting discussed about the achievements of last fiscal year, future business plan and strategic decisions.

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