Business Desk :
Robi Axiata, the second largest telecom operator of Bangladesh, has recorded 9.7% growth in revenue in the third quarter of 2020. The telecom operator made a total profit of Tk38.9 crore between July and September.
Mahtab Uddin Ahmed, managing director and CEO of Robi, announced the financial performance of the company in the third quarter of 2020 through a virtual press conference on Thursday.
Robi’s voice revenue saw a double digit growth of 12.1% compared to the previous quarter, reaching Tk972 crore in the third quarter of 2020.
However, compared to the same quarter in 2019, voice revenue dipped by 8.2% indicating a sharp decline in 2G-based voice call service caused by the coronavirus pandemic. Also Read- BTRC inks deal with Synesis IT to nab illegal handsets. Data revenue reached Tk684 crore in Q3’20, following an increase of 6.8% compared to the previous quarter. Compared to the same quarter last year, data revenue grew by 22% in Q3’20.
“On the backdrop of our imminent entry into the country’s stock markets, we are very happy to maintain profitability in Q3’20 supported by enviable revenue growth,” said Mahtab Uddin Ahmed, commenting on the financial performance of the company.
Robi Axiata, the second largest telecom operator of Bangladesh, has recorded 9.7% growth in revenue in the third quarter of 2020. The telecom operator made a total profit of Tk38.9 crore between July and September.
Mahtab Uddin Ahmed, managing director and CEO of Robi, announced the financial performance of the company in the third quarter of 2020 through a virtual press conference on Thursday.
Robi’s voice revenue saw a double digit growth of 12.1% compared to the previous quarter, reaching Tk972 crore in the third quarter of 2020.
However, compared to the same quarter in 2019, voice revenue dipped by 8.2% indicating a sharp decline in 2G-based voice call service caused by the coronavirus pandemic. Also Read- BTRC inks deal with Synesis IT to nab illegal handsets. Data revenue reached Tk684 crore in Q3’20, following an increase of 6.8% compared to the previous quarter. Compared to the same quarter last year, data revenue grew by 22% in Q3’20.
“On the backdrop of our imminent entry into the country’s stock markets, we are very happy to maintain profitability in Q3’20 supported by enviable revenue growth,” said Mahtab Uddin Ahmed, commenting on the financial performance of the company.
