Buoyed by data and voice growth, Bangladesh’ leading mobile phone operator, Grameenphone reported revenue of Taka 14,370 crore for 2019, registering an 8.1 percent annual growth.
During the year, the operator’s data revenue grew up by 17 percent while voice revenue by 8.5 percent, according to a financial disclosure released on Tuesday.
In the fourth quarter (Q4) it reported Taka 3,620 crore revenue growth which was 4.2 percent higher than the same period of last year.
Grameenphone acquired 0.07 crore new subscribers in Q4 which pushed total subscribers base to 7.65 crore at the end of 2019, a 5.1 percent growth year over year.
Besides, 4.06 crore or 53.1 percent of the total subscribes of Grameenphone are now using internet services.
“We witnessed healthy growth in data revenue and data usage,” said Michael Patrick Foley, CEO of Grameenphone.
“We want to reiterate our commitment towards meaningful consultations between our industry and our government that can enrich our service propositions and facilitate the current growth momentum of country,” he added. Net profit after taxes (NPAT) for the fourth quarter was Taka 920 crore, with 25.4 percent margin. Earnings per share (EPS) for the period stood at Taka 6.81.
“We experienced a solid growth despite aggressive competition in data and seasonality challenges during this quarter,” said Jens Becker, CFO of Grameenphone.
He said, “We are also happy to announce that the Board of Directors has recommended a final dividend of Taka 13.00 per share for our honorable shareholders.”
