Robi posts Tk 389mn profit in Q3

Staff Correspondent

27 November, 2020 12:00 AM printer

Robi posted Tk 38.9 crore (Tk 389 million) in profit in the January-September quarter of the year 2020 with a 9.7 percent increase in revenue growth.

The insights came through a virtual press conference organised by Robi on Thursday, said a press release.

Consistent focus on innovation and analytics raised Robi’s revenue for the third quarter to Tk 19.34 billion.

Robi’s voice revenue saw double digit growth of 12.1 percent compared to the previous quarter, reaching Taka 9.72 billion in the third quarter of 2020.

 Data revenue reached Tk 6.84 billion in the third quarter following an increase of 6.8 percent compared to the previous quarter. Compared to the same quarter last year, data revenue grew by 22 percent in the third quarter of 2020. Robi’s total revenue reached Taka 56.44 billion in third quarter against the previous year’s third quarter which translates into 1 percent growth. Robi’s EBITDA (Earnings before Interest, Taxes, Depreciation, and Amortisation) for the first nine months of this year stands at Taka 24.58 billion.

Robi has paid Taka 8.75 billion to the Government exchequer in the third quarter of 2020, representing 45.3 percent of Robi’s total revenue for the quarter.