Economic Reporter :
Buoyed by the new subscribers and internet users, leading mobile phone operator Grameenphone reported a healthy revenue growth of Taka 70.9 billion for the first half of 2019, a 10.6 percent growth from the same period of last year. In the same period, the operator’s subscriber base grew by 8.9 percent to 75.3 million.
The company acquired 1.3 million new subscribers during the quarter, registering a 3.1 percent growth from the end of 2018. It also obtained 1.6 million internet subscribers, which means 52.8 percent of total subscribers of Grameenphone are using internet services.
“We delivered a strong business performance during the first half of 2019 due to healthy growth in voice and data revenue, along with growth in usage and subscriber base,” said Grameenphone Chief Executive officer Michael Patrick Foley in a media statement while releasing the financial update.
Net profit after taxes (NPAT) for the quarter was Taka 9.6 billion, with 26.5 percent margin. Earnings per share (EPS) for the period stood at Taka 7.07. “We continue to acquire quality subscribers and invest in network rollout, we are optimistic in delivering the profitable growth going forward,” said Mustafa Alim Aolad, Deputy CFO of Grameenphone.
Buoyed by the new subscribers and internet users, leading mobile phone operator Grameenphone reported a healthy revenue growth of Taka 70.9 billion for the first half of 2019, a 10.6 percent growth from the same period of last year. In the same period, the operator’s subscriber base grew by 8.9 percent to 75.3 million.
The company acquired 1.3 million new subscribers during the quarter, registering a 3.1 percent growth from the end of 2018. It also obtained 1.6 million internet subscribers, which means 52.8 percent of total subscribers of Grameenphone are using internet services.
“We delivered a strong business performance during the first half of 2019 due to healthy growth in voice and data revenue, along with growth in usage and subscriber base,” said Grameenphone Chief Executive officer Michael Patrick Foley in a media statement while releasing the financial update.
Net profit after taxes (NPAT) for the quarter was Taka 9.6 billion, with 26.5 percent margin. Earnings per share (EPS) for the period stood at Taka 7.07. “We continue to acquire quality subscribers and invest in network rollout, we are optimistic in delivering the profitable growth going forward,” said Mustafa Alim Aolad, Deputy CFO of Grameenphone.
