Robi’s profit falls 20%
Mobile phone operator Robi Axiata has experienced a 20 per cent year-on-year fall in profits in April-June quarter of this year despite posting higher revenue and lower net finance costs during the period.
Its net profit dropped to Tk 46.63 crore in the second quarter of the year, which was Tk 58.37 crore in the same period last year.
In the second quarter of the year, revenue of the country's second largest telecom company rose by 15 per cent year-on-year to Tk 2,030 crore.
Its net finance cost dropped by 36 per cent to Tk 94 crore. Though its operating expenses fell in the period but its administrative cost increased by 64 per cent to Tk 94.85 crore.
Today, each stock of Robi ended the day with a 0.67 per cent fall to hit Tk 44.30 at the Dhaka Stock Exchange (DSE).
Though its profit dropped in the second quarter, its half-yearly profits increased by around 5 per cent year-on-year to Tk 80.93 crore.
Now, its earnings per share stood at Tk 0.15 in the first half, according to the company's financial report.
During the period, the operator's revenue hit Tk 4,011 crore -- an 8.12 per cent year-on-year jump.
Today, the company uploaded its financial report on its website.