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WorldCall Telecom has been in focus of investors’ attention at Karachi Stock Exchange (KSE) for past one month as shares’ trading of the company was witnessed huge volume with constant improvement in par values.
On Monday, it was once again seen a top performer at KSE 100 index in terms of volume after number of shares traded crossed 30.86 million benchmark with value of a single share settled at Rs 4.05 per share after touching level of Rs 4.35 per share in intraday session.
On the contrary, different players in the telecom sector witnessed lukewarm shares trading such as Telecard with 7.5 million shares volume, PTCL with 2.71 million and Wateen with 2 million shares trading on the closing session.
It was not a first time that WorldCall Telecom stood in the top ten most favorite companies grabbing attention of the investors owing to its improved financial health, analysts said.
The company volume of shares trading has crossed the level of 32 million in past week besides it improved its value from Rs 3.85 per share to Rs 4.05 per share so far.
In 2011, WorldCall posted profit for the first time after its majority stakes were acquired by Omantel in April 2008.
WorldCall Telecom posted Rs. 290.250 million ($3.4 million) as profit after tax in the year ended December 31, 2011 as compared to after tax loss of Rs. 1,147.006 million in the corresponding period in 2010.
According to the financial results, the company’s net revenue increased to Rs. 8.001 billion in 2011 against Rs. 7.464 billion in 2010.
Meanwhile, WorldCall Telecom received a syndicated $35 million loan facility for the company’s expansion and availed the financing against corporate guarantee of Omantel.
The companies overall operations including DSL broadband services were witnessed growth in the subscribers’ base whereas its cable TV services were also recorded increase in connections. In addition, LDI and Wireless services were seen gradual improvement in 2011.
The situation of cash flow has been improved at WorldCall Telecom Limited whereas its liabilities and losses have been seen under control, analysts said.
