After recovering from the losses since its merger with Airtel and intense competition in the last couple of years, Robi has now turned into a profit. The operator registered Tk 11.5 crore profit in the January – March quarter. However, according to the new accounting practice of its parent Axiata Group, Robi made a loss of Tk 24.6 crore in the quarter. Axiata implemented the IFRS 16, an International Financial Reporting Standard promulgated by the International Accounting Standards Board in January.
Robi credited its cost optimisation initiatives and strong data and value-added service revenue growth for the turnaround.
Robi, the second largest mobile phone operator of the country, registered revenue growth by 3.7 percent in the first quarter (Q1), 2019 compared to the last quarter, reaching Tk 1,829 crore. The growth was 12.3 percent higher compared to the same quarter of the last year, according to the quarterly business update of Robi.
Compared to the previous quarter, Robi’s voice revenue grew by 0.6 percent while it was 5 percent in relation to the same quarter last year. Data revenue grew by 8.3 percent compared to last quarter and by 32.1 percent, compared to the same quarter of last year.
Robi’s subscriber base grew by 1 percent from the last quarter to reach 4.73 crores in Q1 of 2019, representing 29.6 percent of the subscriber market share in the industry. Compared to the same quarter of last year, the subscriber base grew by 3.8 percent in this quarter.
At the end of Q1 of 2019, data users stood 2.90 crores, representing 61.3 percent of its subscriber base.
Robi invested Tk 304.8 crore in the quarter as capital expenditure to expand the 4G service, taking its total investment for establishing the fastest data network to Tk 7,878 crore. The operator paid Tk 654.1 crore to the government exchequer in the quarter.