ZCZC
BSS-60
GP-REVENUE
GP registers healthy revenue, subscriber growth in Q1
DHAKA, April 24, 2019 (BSS) – Grameenphone reported total revenues of Taka
34.9 billion for the first quarter (Q1) in this year, 11.6 percent growth
from the same period last year. In this same period, the operator’s
subscriber base grew by 9.8percent.
Besides, the operator in Q1 acquired 1.3 million new subscribers,
registering a 1.8 percent growth from the end of 2018. Moreover, GP also
bagged 1.1 million internet subscribers which showed 51.6 percent of total
subscribers of Grameenphone are using internet services.
“We witnessed healthy growth in voice revenue as well as usage” said
Grameenphone CEO Michael Patrick Foley while announcing the financial update.
“We will continue to protect the interest of our shareholders and provide
value to our customers,” he added.
Net profit after taxes (NPAT) for the quarter was Taka 8.9 billion, with
25.6 percent margin. Earnings per share (EPS) for the period stood at Taka
6.61.
“Grameenphone reported healthy top-line growth and strong margins in the
first quarter of 2019,” said Grameenphone CFO Karl Erik Broten, adding “We
see continued gain of quality subscribers and with our investment in network
rollout, we are optimistic in delivering profitable growth going forward.”
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