Robi Axiata Profits Soar by 203%

Industry: Telecom, Telecom & Mobile
Company: Robi
Company Intelligence Tag: Business Insights

Robi Axiata Ltd. reported a remarkable three-fold increase in profit during the first three quarters of 2023. Their unaudited financial statement revealed a net profit of Tk 172.35 crore in this period, marking a significant surge of 203% from Tk 56.85 crore in the same timeframe the previous year. This remarkable growth was attributed to increased data revenue and cost savings in foreign exchange expenses.

Robi’s revenue also experienced healthy growth, rising by 16% year-on-year to Tk 7,431 crore for January–September 2023. The company’s focus on network expansion, digital recharge options, and internet data services contributed to this positive performance. Notably, Robi reduced its cost of revenue and foreign exchange expenses, resulting in significant gains.

The earnings per share (EPS) of Robi soared to Tk 0.33 during the same period, compared to Tk 0.11 a year earlier, underscoring their strong financial results. In the July-September quarter, Robi’s earnings continued to shine, with a 261% year-on-year increase to Tk 105 crore.

Source for more details:

Related News

BTRC Slashes Broadband Prices by Up to 20% Nationwide

May 25, 2025

The Bangladesh Telecommunication Regulatory Commission (BTRC) has reduced broadband prices by Tk 100, lowering monthly fees for 5 Mbps, 10 Mbps, and 20 Mbps packages to Tk 400, Tk 700, and Tk 1,100 respectively.

Draft Telecom Policy Introduces NICSP ICSP ANSP

May 15, 2025

The BTRC's draft telecom policy proposes consolidating over 20 licence types into three—NICSP, ICSP, and ANSP—aiming to simplify regulations and attract foreign investment. However, experts warn it may entrench monopolies, as it permits up to 100% foreign ownership in ANSP, 70% in NICSP, and 49% in ICSP without limiting cross-ownership, enabling dominant players like Axiata, Telenor, and Veon to hold stakes across all categories.

BTRC Told To Block AL Online Platforms

May 15, 2025

The National Cyber Security Agency (NCSA) has directed the Bangladesh Telecommunication Regulatory Commission (BTRC) to block all websites and social media handles linked to the Awami League and its affiliated bodies, citing the Cyber Security Ordinance, 2025.

High Taxes Threaten Bangladesh Telecom Sustainability

May 15, 2025

Bangladesh's telecom sector, contributing just 1% to GDP but 5% to total tax revenue, faces unsustainable fiscal pressure due to high taxation and complex regulations. Average Revenue Per User (ARPU) has fallen 56% over a decade to $1.3—among the world’s lowest—while mobile users bear a 39% total tax burden, including 18% VAT, 20% supplementary duty, and 1% surcharge.

BTRC’s Telecom Licensing Overhaul for FY 2025

April 26, 2025

The BTRC’s draft Telecommunication Network & Licensing Regime Reform Policy 2025 aims to streamline Bangladesh’s telecom licensing by consolidating over 20 licence types into three main categories: National Infrastructure & Connectivity Service Provider (NICSP), International Connectivity Service Provider (ICSP), and Access Network Service Provider (ANSP).

Government Pushes Telcos to Reduce Internet Prices

April 23, 2025

Bangladesh’s interim government expects mobile network operators (MNOs) to soon reduce mobile internet prices following significant wholesale price cuts across the internet value chain. According to Faiz Ahmad Taiyeb, the chief adviser's special assistant, the government has already lowered costs at the International Terrestrial Cable, International Internet Gateway, and National Telecommunication Transmission Network levels.

Related News

BTRC Slashes Broadband Prices by Up to 20% Nationwide

May 25, 2025

The Bangladesh Telecommunication Regulatory Commission (BTRC) has reduced broadband prices by Tk 100, lowering monthly fees for 5 Mbps, 10 Mbps, and 20 Mbps packages to Tk 400, Tk 700, and Tk 1,100 respectively.

Draft Telecom Policy Introduces NICSP ICSP ANSP

May 15, 2025

The BTRC's draft telecom policy proposes consolidating over 20 licence types into three—NICSP, ICSP, and ANSP—aiming to simplify regulations and attract foreign investment. However, experts warn it may entrench monopolies, as it permits up to 100% foreign ownership in ANSP, 70% in NICSP, and 49% in ICSP without limiting cross-ownership, enabling dominant players like Axiata, Telenor, and Veon to hold stakes across all categories.

BTRC Told To Block AL Online Platforms

May 15, 2025

The National Cyber Security Agency (NCSA) has directed the Bangladesh Telecommunication Regulatory Commission (BTRC) to block all websites and social media handles linked to the Awami League and its affiliated bodies, citing the Cyber Security Ordinance, 2025.

High Taxes Threaten Bangladesh Telecom Sustainability

May 15, 2025

Bangladesh's telecom sector, contributing just 1% to GDP but 5% to total tax revenue, faces unsustainable fiscal pressure due to high taxation and complex regulations. Average Revenue Per User (ARPU) has fallen 56% over a decade to $1.3—among the world’s lowest—while mobile users bear a 39% total tax burden, including 18% VAT, 20% supplementary duty, and 1% surcharge.

BTRC’s Telecom Licensing Overhaul for FY 2025

April 26, 2025

The BTRC’s draft Telecommunication Network & Licensing Regime Reform Policy 2025 aims to streamline Bangladesh’s telecom licensing by consolidating over 20 licence types into three main categories: National Infrastructure & Connectivity Service Provider (NICSP), International Connectivity Service Provider (ICSP), and Access Network Service Provider (ANSP).

Government Pushes Telcos to Reduce Internet Prices

April 23, 2025

Bangladesh’s interim government expects mobile network operators (MNOs) to soon reduce mobile internet prices following significant wholesale price cuts across the internet value chain. According to Faiz Ahmad Taiyeb, the chief adviser's special assistant, the government has already lowered costs at the International Terrestrial Cable, International Internet Gateway, and National Telecommunication Transmission Network levels.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here