Bizdata Insights Main Logo

Over 55% of Robi Subscribers Now Using 4G

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

Robi-Axiata, the second-largest telecom operator in Bangladesh, announced a profit of Tk 42.03 crore in the first quarter of the current financial year. The company’s revenue grew by 4.1% during the period, reaching Tk 2,347.7 crore, a 16.3% increase compared to the same quarter last year.

Despite its strong performance, Robi faced challenges due to factors beyond its control. The implementation of a 2% minimum tax and a forex loss of Tk 76 crore impacted the company’s profit after tax (PAT), which stood at Tk 42 crore instead of the expected Tk 89.2 crore.

Robi’s digital credentials received a significant boost, with the highest single app user base in the industry, reaching 1,47,50,000 by the end of the first quarter. The company also maintained its leadership position in the 4G market, with 55.4% of its subscribers being 4G users.

The CEO of Robi expressed optimism about the company’s future, highlighting its strong digital journey. He called for the removal of the 2% minimum tax from the industry in the upcoming budget to alleviate the pressure faced by telecom operators.

Source for more details:

Related News

Nagad Set to Achieve Profitability by 2025

May 29, 2023

Nagad, the fastest-growing mobile financial services (MFS) carrier in Bangladesh, is on track to become a profitable venture by 2025, driven by ongoing investments, technological advancements, customer acquisition, and expanded financial outreach

Indo-Bangla Pharmaceuticals Reports 91.65% Profit Decline in Q3

May 29, 2023

Indo-Bangla Pharmaceuticals Limited experienced a significant 91.65% decrease in profit, amounting to Tk 11.62 lakh, during the third quarter of the current financial year. In comparison, the company had earned a profit of Tk 1.39 crore in the same quarter of the previous year, 2021-22. The unaudited financial statements reveal that the earnings per share (EPS) for January-March 2022-23 stood at Tk 0.01, as opposed to Tk 0.12 in the corresponding quarter of 2021-22.

Active Fine Chemical’s profit dropped by 50% in Jan-Mar

May 29, 2023

Active Fine Chemicals Limited experienced a significant decline in profit during the third quarter of the current financial year, with a year-on-year decrease of 50 percent to Tk 47.99 lakh. In comparison, the company's profit in the January-March quarter of 2021-22 was Tk 95.97 lakh. As a result, the earnings per share (EPS) also declined from Tk 0.04 in the third quarter of the previous financial year to Tk 0.02 in January-March of 2022-23, as indicated by the unaudited financial statements.

Mobile Makers’ Battle for Survival

May 29, 2023

The country's mobile manufacturing sector is facing significant hurdles, including difficulties in obtaining letters of credit (LCs), plummeting sales, and the rise of the grey market, according to the vice president of the Mobile Phone Industry Owners' Association of Bangladesh. The shortage of US dollars has made it challenging to open LCs, leading to a decline in manufacturing. Mobile sales have dropped by over 40% in the first quarter of 2023, exacerbating the situation.

One Bank to Raise Tk500 Crore through Subordinated Bond

May 28, 2023

One Bank Limited, a private sector lender, has announced its plan to raise Tk500 crore through a private placement of a subordinated bond. The issuance of the bond is aimed at including it in the bank's Tier-II capital.

Premier Cement Secures Tk 350 Crore Loan from Idcol

May 28, 2023

Premier Cement PLC has signed an agreement with Infrastructure Development Company Limited (Idcol) to receive a Tk 350 crore long-term loan for expanding production at two new units. The company has already commenced production at the Narayanganj and Chattogram units, involving a total investment of Tk 1,300 crore.

Related News

Nagad Set to Achieve Profitability by 2025

May 29, 2023

Nagad, the fastest-growing mobile financial services (MFS) carrier in Bangladesh, is on track to become a profitable venture by 2025, driven by ongoing investments, technological advancements, customer acquisition, and expanded financial outreach

Indo-Bangla Pharmaceuticals Reports 91.65% Profit Decline in Q3

May 29, 2023

Indo-Bangla Pharmaceuticals Limited experienced a significant 91.65% decrease in profit, amounting to Tk 11.62 lakh, during the third quarter of the current financial year. In comparison, the company had earned a profit of Tk 1.39 crore in the same quarter of the previous year, 2021-22. The unaudited financial statements reveal that the earnings per share (EPS) for January-March 2022-23 stood at Tk 0.01, as opposed to Tk 0.12 in the corresponding quarter of 2021-22.

Active Fine Chemical’s profit dropped by 50% in Jan-Mar

May 29, 2023

Active Fine Chemicals Limited experienced a significant decline in profit during the third quarter of the current financial year, with a year-on-year decrease of 50 percent to Tk 47.99 lakh. In comparison, the company's profit in the January-March quarter of 2021-22 was Tk 95.97 lakh. As a result, the earnings per share (EPS) also declined from Tk 0.04 in the third quarter of the previous financial year to Tk 0.02 in January-March of 2022-23, as indicated by the unaudited financial statements.

Mobile Makers’ Battle for Survival

May 29, 2023

The country's mobile manufacturing sector is facing significant hurdles, including difficulties in obtaining letters of credit (LCs), plummeting sales, and the rise of the grey market, according to the vice president of the Mobile Phone Industry Owners' Association of Bangladesh. The shortage of US dollars has made it challenging to open LCs, leading to a decline in manufacturing. Mobile sales have dropped by over 40% in the first quarter of 2023, exacerbating the situation.

One Bank to Raise Tk500 Crore through Subordinated Bond

May 28, 2023

One Bank Limited, a private sector lender, has announced its plan to raise Tk500 crore through a private placement of a subordinated bond. The issuance of the bond is aimed at including it in the bank's Tier-II capital.

Premier Cement Secures Tk 350 Crore Loan from Idcol

May 28, 2023

Premier Cement PLC has signed an agreement with Infrastructure Development Company Limited (Idcol) to receive a Tk 350 crore long-term loan for expanding production at two new units. The company has already commenced production at the Narayanganj and Chattogram units, involving a total investment of Tk 1,300 crore.

Shopping cart

0
image/svg+xml

No products in the cart.

Continue Shopping

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here