ZCZC
BSS-35
ROBI-REVENUE
Robi ends 2020 with strong growth, TK 155cr profit
DHAKA, Feb 16, 2021 (BSS) – Despite Covid-19 pandemic, mobile phone
operator Robi ended 2020 with an upturn revenue growth of 1.1 percent margin
compared to 2019.
The operator’s total revenue in 2020 stood at Taka 7,564 crore after adding
Taka 1,920 crore in quarter-4(Q4).
With Taka 39 crore to the profit tally, Robi’s total profit after tax
reached Taka 155 crore, indicating a strong growth momentum following the
measly profit in 2019, said the operator while releasing business update.
“When our competitors saw revenue decline, Robi experienced positive
revenue growth, despite the tremendous upheavals we had to negotiate with due
to the Corona pandemic,” said Robi’s Managing Director and CEO, Mahtab Uddin
Ahmed.
With 19 lakh subscribers to its network in 2020, Robi’s subscriber base
reached 5.9 crore, of which 69.2 percent were data subscribers.
4G subscribers, in particular, had grown by more than 72.8 percent
compared to the last year.
Due to the seasonal impact, Robi’s voice revenue declined by 1 percent in
Q4 of 2020, compared to last quarter (Q3’20). This translated into 0.7
percent de-growth in total revenue for Q4’20, compared to Q3’20.
Compared to 2019, Robi’s voice revenue declined by 9.9 percent in 2020
indicating customers’ growing reliance on OTT platforms for making voice
calls. Data revenue, on the other hand, grew by 1 percent compared to last
quarter (Q3’20), and by 26 percent compared to 2019.
EBITDA declined by 3.2 percent compared to Q3’20. However, considering the
whole year, EBITDA grew by 11.8 percent. EBITDA margin for Q4’20 stood at
39.7 percent, which is 1 percentage point (pp) lower than Q3’20. EBITDA
margin for 2020 stood at 42.6 percent, which is 4.1 pp higher than 2019.
“It was a year of tremendous learning for us and in hindsight I can
proudly say that we pulled the right levers of innovation to write this
amazing growth journey together,” said Robi CEO, adding, “With Taka 155 crore
profit after tax we certainly had a strong showing in the market.”
However, being subjected to the 2 percent minimum tax on gross revenue,
Robi’s performance continues to deny its full growth potential, he added.
BSS/PR/MAK/RY/1822hrs