UNB, Dhaka :
Grameenphone has reported Tk 102.7 billion in revenue for 2014, which is 6.3 percent up from that of the last year.
Service revenue grew by 5.9 percent (YoY) along with 14.1 percent (YoY) growth in customer equipment and other revenues. Growth in service revenue was mainly driven by data and VAS.
However, service revenue growth faced some headwind from reduction in international call termination rates.
This was disclosed at a press briefing at Hotel Sonargaon in the city on Monday.
During the year, GP acquired 4.4 million new subscriptions, taking the year-end subscription base to 51.5 million. With this 9.3 percent growth in subscriber against industry growth of 5.8 percent, GP managed to improve its market share by 1.4 percentage point to 42.8 percent. Strong and vibrant presence in the market amidst competitive environment contributed to this position.
“It’s my immense pleasure to inform our honorable shareholders that in 2014 we achieved two monumental milestones of crossing 50mn subscriber base and Tk 100bn revenue for the company,” said Rajeev Sethi, newly appointed CEO of Grameenphone.
“During the year, we managed to consolidate our position as the leading mobile operator and have taken ambitions to excel further in 2015. Structured approach of building on our strengths, applying the right mindset and executing our strategy will further contribute to adding value for our shareholders,” he said.
Net profit after taxes for 2014 was Tk 19.8 billion with 19.3 percent margin compared to Tk 14.7 billion with 15.2 percent margin of 2013. EBITDA grew by 11.2 percent, improving the margin to 53 percent from 50.7 percent of 2013. Earnings per share (EPS) for 2014 stood at Tk 14.67 compared to Tk 10.89 of 2013.
GP invested Tk 15.2 billion during the period for fast track 3G rollout throughout the country, 2G coverage as well as capacity increase and other efficiency enhancement initiatives.
Meanwhile, GP, the largest contributor to exchequer, paid Tk 58.9 billion, comprising 57.4 percent of total revenue to the national exchequer during the period in the form of taxes, VAT, duties and license fees.
GP recommends 65pc final cash dividend
Grameenphone has reported Tk 102.7 billion in revenue for 2014, which is 6.3 percent up from that of the last year.
Service revenue grew by 5.9 percent (YoY) along with 14.1 percent (YoY) growth in customer equipment and other revenues. Growth in service revenue was mainly driven by data and VAS.
However, service revenue growth faced some headwind from reduction in international call termination rates.
This was disclosed at a press briefing at Hotel Sonargaon in the city on Monday.
During the year, GP acquired 4.4 million new subscriptions, taking the year-end subscription base to 51.5 million. With this 9.3 percent growth in subscriber against industry growth of 5.8 percent, GP managed to improve its market share by 1.4 percentage point to 42.8 percent. Strong and vibrant presence in the market amidst competitive environment contributed to this position.
“It’s my immense pleasure to inform our honorable shareholders that in 2014 we achieved two monumental milestones of crossing 50mn subscriber base and Tk 100bn revenue for the company,” said Rajeev Sethi, newly appointed CEO of Grameenphone.
“During the year, we managed to consolidate our position as the leading mobile operator and have taken ambitions to excel further in 2015. Structured approach of building on our strengths, applying the right mindset and executing our strategy will further contribute to adding value for our shareholders,” he said.
Net profit after taxes for 2014 was Tk 19.8 billion with 19.3 percent margin compared to Tk 14.7 billion with 15.2 percent margin of 2013. EBITDA grew by 11.2 percent, improving the margin to 53 percent from 50.7 percent of 2013. Earnings per share (EPS) for 2014 stood at Tk 14.67 compared to Tk 10.89 of 2013.
GP invested Tk 15.2 billion during the period for fast track 3G rollout throughout the country, 2G coverage as well as capacity increase and other efficiency enhancement initiatives.
Meanwhile, GP, the largest contributor to exchequer, paid Tk 58.9 billion, comprising 57.4 percent of total revenue to the national exchequer during the period in the form of taxes, VAT, duties and license fees.
GP recommends 65pc final cash dividend
Country’s largest mobile phone operator Grameenphone on Monday recommended 65 percent final cash dividend for its shareholders.
With this, the GP recommended a total of 160 percent cash dividend for the year 2014 inclusive of 95 percent interim cash dividend already paid for the year ended on December 31, 2014.
The Annual General Meeting (AGM) of the company will be held on April 21, 2015 at Bashundhara Convention Center-2, Block-C, Bashundhara residential area, Dhaka, according to the DSE website.
The company has reported net profit after tax of Tk 19,803.28 million; EPS of Tk 14.67, NAV per share of Tk 23.23 and NOCFPS of Tk 23.15 for the year.
