Robi registers 1.6pc revenue growth in Q2

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Business Desk :
Bangladesh’s second largest mobile phone operator, Robi, registered 1.6 percent revenue growth in quarter two (Q2) compared to the previous quarter reaching Taka 1,858.7 crore which was 12.4 percent in the same quarter of last year.
Besides, Robi’s voice revenue grew up by 2.8 percent than Q1 which was 9.7 percent in Q2 of the previous year. And for data revenue, the growth is 2.5 percent than Q1, but lower compared to same period of last year as it was 28.9 percent.
The financial update of the operator released on Thursday also showed, Robi’s subscriber base grew by 1.3 percent in the quarter to reach 4.79 crore, representing 29.6 percent of the subscriber market share.
But, the growth was 7.2 percent in Q2 in previous year. At end of Q2 in 2019, data users reached at 3.1 crore, representing 62.8 percent of its subscriber base.
Without considering the financial implications of implementing IFRS 16, Robi’s EBITDA stood at 662.6 crore taka in Q2,’19 with 35.6% margin. In terms of EBITDA (Earnings before interest, taxes, and amortization) margin grew by 6.6 percentage point (pp) (without IFRS 16) compared to the previous quarter and by 11 pp (without IFRS 16) compared to the same quarter last year. Considering IFRS 16 implications, Robi’s EBITDA stood at Taka 849.9 crore at the end of the Q2 of 2019.
On the other hand, Robi’s CAPEX investment declined by 11.7 percent from last quarter reaching Taka 269 crore in Q2 of 2019.
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