GP's net profit slides in third quarter

Grameenphone's net profit slipped 22.53 percent year-on-year to Tk 414.12 crore in the July-September period, according to the company's financial statement posted on its website yesterday.

The company's revenue grew 3.35 percent to Tk 2,647.42 crore in the third quarter of the year.

Earnings per share declined to Tk 3.07 in the third quarter from Tk 3.96 in the same period a year ago, according to the financial statement.

In the first nine months of this year, the operator's total revenue rose to

Tk 7,794.21 crore from

Tk 7,674.05 crore in the same period a year ago.

Net profits slipped to Tk 1,461.82 crore in the January-September period from Tk 1,592.24 crore last year.

Earnings per share were Tk 10.83 in the first nine months of 2015, coming down from Tk 11.79 in the same period last year.

Grameenphone, the largest mobile phone operator, has not made any official comment on the report yet and is organising a press conference this afternoon.