Banglalink posts 6.9% rise in revenue in Q2

Banglalink's revenue rose by 6.9 per cent in the second quarter of 2021 until June compared to the same period of the previous year, riding on the higher data revenue and data customers.

The total revenue of the mobile phone operator surged to Tk 1,184 crore in the latest quarterly which was Tk 1,108 crore a year earlier, according to the financial statement of Veon, the parent entity of Bangladesh's third-largest mobile operator.

The government imposed a countywide lockdown in April 2021 as the pandemic resurged. Despite these measures, Banglalink recorded growth in revenue as the adjustments we made to the business, including the greater use of digital channels to engage with customers, helped operating performance, the company said in its financial report.

Its profits before interest, taxes, depreciation and amortization rose 4 per cent to Tk 477 crore in the second quarter.

The number of 4G data users reached 99 lakh following 68 per cent year-on-year growth as Banglalink continued to enhance its 4G network, it said.

Banglalink continued to promote the use of digital channels to facilitate top-ups, account management and the adoption of additional services.

As a result, the user base of Banglalink's self-care app increased by 93 per cent in April to June quarter of the current year compared to the same period of the previous year.

Banglalink's video streaming app "Toffee" gained 1.6 million additional active users during 2Q21, resulting in Toffee's monthly active users base reaching 50 lakh with an average watch time of 23 minutes increased by 36.9 per cent year-on-year.