GP reports 9.5pc revenue growth in 9-month


21st October, 2019 07:07:13 printer

GP reports 9.5pc revenue growth in 9-month

Country’s leading mobile phone operator, Grameenphone reported total revenues of Taka 107.5 billion for the first nine months of 2019, a 9.5 percent growth from the same period of last year.

In addition, the operator’s subscriber base grew up by 6.0 percent to 75.7 million during the same period, according to the Q3 financial update released on Monday.

The carrier acquired 0.4 million new subscribers during the third quarter (Q3), registering a 6.0 percent growth from the end of 2018.

The company also acquired 0.9 million internet subscribers, which indicate 53.7 percent of total subscribers of Grameenphone are using internet services.

“We delivered a solid business performance in Q3 despite a very challenging environment,” said Michael Patrick Foley, CEO of Grameenphone.

Net profit after taxes (NPAT) for the quarter was Taka 7.3 billion, with 19.9 percent margin. Earnings per share (EPS) for the period stood at Taka 5.38.

“Grameenphone reported solid growth with strong margins in the Q3 of 2019,” said Jens Becker, CFO of Grameenphone.