GP posts 93pc profit rise | The Daily Star
12:00 AM, October 23, 2011 / LAST MODIFIED: 12:00 AM, October 23, 2011

GP posts 93pc profit rise

Grameenphone's net profits rose 93.81 percent to Tk 563 crore in the third quarter, compared to the same period a year ago, the mobile operator said yesterday.
Higher profits for the period were mainly due to user additions and reduction in costs, GP said in a statement.
The EBITDA (earnings before interest, taxes, depreciation and amortisation) margin for the third quarter was 57.8 percent, an increase of 5.9 percentage points from the third quarter of 2010. Earnings per share for the third quarter rose to Tk 4.17 from Tk 2.15 a year ago.
GP reported Tk 2,283 crore revenues for the July-September period, an 18 percent increase from the same period of the previous year.
Year-on-year revenue growth mainly came through contribution from subscription and traffic revenues fuelled by steady subscription growth and contributions from data, roaming and wholesale businesses, according to the statement.
“GP, as a company, stayed put and did not lose focus on delivering the best telecommunication services to the remotest corner of the country as well as creating maximum value for shareholders' money,” said Tore Johnsen, chief executive of GP.
The company invested Tk 449 crore during the third quarter of 2011 for network upgrade, capacity and quality improvement, taking its cumulative investment to Tk 16,797 crore.

Stay updated on the go with The Daily Star News App. Click here to download it for your device.

Grameenphone and Robi:
Type START <space> BR and send SMS it to 2222

Type START <space> BR and send SMS it to 2225

Leave your comments

Top News

Top News