ZCZC
BSS-15
GP-REVENUE
GP’s 50pc customers use internet
DHAKA, Oct 23, 2018 (BSS) – Half of the total subscribers of mobile phone
operator Grameenphone use internet after the third quarter (Q3) as the total
active subscribers of the operator stood 71.4 million.
Registering an 11.8 percent growth in total customer base in a year, the
data subscriber of the network reached at 36.3 million, said the operator
today while releasing the financial update of the first nine months of this
year.
“We crossed 3.8 million 4G subscribers with a little over half of our
total subscribers using our internet services and our revised voice portfolio
and new value propositions in data offers are creating positive traction in
the market,” said Grameenphone Chief Executive Officer (CEO) Michael Patrick
Foley.
In a media release, the top operator of the country said it reported
revenue of Taka 98.1 billion for the first nine months of 2018, up 1.9
percent from the same period last year.
Data revenue grew by 19.5 percent in Year-on-Year (YoY) along with voice
revenue growth of 4.8 percent. Normalizing accounting practice changes the
YoY total revenue growth to 5.1 percent.
“The third quarter of 2018 saw the implementation of many directives, most
notably the VAT reduction on data and uniform floor tariff,” said the
Grameenphone CEO.
Net profit after taxes (NPAT) for first 9 month was Taka 26.1 billion,
with 26.6 percent margin. Earnings’ per share (EPS) for the period was Taka
19.32.
“Grameenphone reported healthy EBITDA growth and strong margins during the
period”, said Karl Erik Broten, CFO of Grameenphone.
BSS/PR/MAK/FI/ 1645 hrs