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.