The largest mobile operator in Bangladesh, Grameenphone, claimed an increase of 6% in sales to Tk 4,223 crore in Q2 2024, despite a 28 percent decrease in profit to Tk 861 crore. The main reason of the fall in profit was higher tax charges, which overcame lower financing costs and revenue increase. The company’s robust earnings from operations margin, which indicates financial health, and continued focus on growth methods are encouraging. The success of their “MyGP” app and their usage of AI for network optimization are acknowledged as positive developments.
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