LAHORE - Wateen Telecom Limited has announced its results for the first quarter of 2010/11. It has posted revenue of Rs 1,931 million with Rs 383m positive EBITDA against a EBITDA loss of Rs 110 million for the same period last year. Since the last quarter of 2010, Wateen is continuously showing a positive trend in terms of revenues and profitability. Wateen is capitalising its unique strategic position as nationwide optic fiber operator, system integrator, broadband services provider and key LDI operator all under one umbrella. Management has aligned the organisation to focus more on profitable revenue streams reflected in gross margin which stands at 31pc in the first quarter compared to 14pc for the same period last year. Through implementation of cost rationalisation programme and operational efficiency initiatives, management has managed to keep the cost under control without compromising on quality of services.