Grameenphone posted in Tk 3,603.82 crore revenue in the April-June period this year, the highest in a single quarter, driven by growth in voice and data usage due to improved network.
The receipts in the second quarter of the year were up 10.63 percent year-on-year.
However, the mobile phone operator’s Net profit after taxes (NPAT) declined 8.12 percent to Tk 955.28 crore in the quarter with 26.5 percent margin, according to its financial statement. Earnings per share stood at Tk 7.07 in Q2 this year from Tk 7.7 in the Q2 last year.
The operator’s H1 revenue increased by 10.6 per cent or Tk 708.2 crore to Tk 7,090.05 crore from Tk 6,381.85 crore.
The mobile phone operator’s net profits in January-June rose by 10.48 per cent or Tk 171.25 crore to Tk 1,804.93 crore from Tk 1,633.67 crore in the H1 last year. In January-June this year, GP’s EPS rose to Tk 13.37 from Tk 12.1 in the same period last year.
Board of the operator decided to declare 90 percent interim cash dividend.
In the last quarter, GP focused on improving the network resilience and modernising it as well as expanding 4G services, covering 62 percent of the population of Bangladesh. GP witnessed growth in voice and data revenue as well as in usage and subscriber base.
Despite the additional supplementary duty on mobile phone use, GP acquired 13 lakh new subscribers and 16 lakh internet subscribers in the quarter.
Data revenue grew more than 18 percent to Tk 720 crore. Each internet user now uses 1.5 GB data on an average every month, up from 986MB a year ago. At the end of June, 52.8 percent of its total subscribers were using internet services. The market leader has 84 lakh active 4G users.
In the last three months, GP invested Tk 380 crore for network coverage and installed 1,560 new 4G sites.