Tech and Teen
  • Technology
  • Teen
  • Entertainment
  • Sports
  • Politics
  • Business
  • World
  • Multimedia
  • IT HOT
  • Blog
  • Technology
  • Business
  • Sports
  • Entertainments

Tech and Teen

  • Technology
  • Teen
  • Entertainment
  • Sports
  • Politics
  • Business
  • World
  • Multimedia
  • IT HOT
  • Blog

First half of 2019 of Publishing Reportfor Grameenphone

by Tech and Teen July 15, 2019
written by Tech and Teen July 15, 2019
First half of 2019 of Publishing Reportfor Grameenphone

Grameenphone Ltd. reported total revenues of BDT 70.9 billion for the first half of 2019, a 10.6% growth from the same period last year. In the same period, the operator’s subscriber base grew by 8.9% to 75.3 Million.

The company acquired 1.3 million new subscribers during the quarter, registering a 3.1% growth from the end of 2018. The company also acquired 1.6 million internet subscribers. 52.8% of total subscribers of Grameenphone Ltd. are using internet services.

“We delivered a strong business performance during the first half of 2019 amid many challenges in the business environment. This quarter we focused on improving our network resilience as well as modernizing and rolling out 4G, covering 62% of the population of Bangladesh. Due to changes made in the supplementary duty, we revised our product portfolio to ensure our valued customers experienced a smooth transition. We witnessed healthy growth in voice and data revenue, along with growth in usage and subscriber base.” said Michael Patrick Foley, CEO of Grameenphone Ltd. “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 BDT 9.6 billion, with 26.5% margin. Earnings per share (EPS) for the period stood at BDT 7.07.

“Grameenphone Ltd. reported healthy topline growth with strong margins in the first half of 2019,” said Mustafa Alim Aolad, Deputy CFO of Grameenphone Ltd, adding “We continue to acquire quality subscribers and with our investment in network rollout, we are optimistic in delivering profitable growth going forward. The Grameenphone Board of Directors declared interim dividend at the rate of 90% of paid up capital.”

In the second quarter Grameenphone Ltd. invested BDT 3.8 Bn for network coverage, and rolled out 1560 new 4G sites along with network modernization. The total number of sites stands at 16,176. The company also paid out BDT 40.9 Bn, or 58% of its total revenues, to the national exchequer in the form of taxes, VAT, duties, fees, 4G license and spectrum assignment.

0 comment
0
FacebookTwitterGoogle +PinterestLinkedinWhatsapp
previous post
bKash organizes workshop on “Prevention of MFS Abuse” in Joypurhat
next post
Walton offers LED, Smart TV in exchange of any brands CRT TV

related posts

realme Note 50 will be the first best-selling...

February 28, 2024

OPPO to Launch New ‘A’ Series Device at...

July 6, 2020

Experience ZEISS telephoto technology on smartphones: vivo brings...

December 25, 2024

Samsung Galaxy S6 with new design

August 1, 2018

Symphony Roar A50 Price and specification

July 30, 2018

TECNO Spark Series creating Buzz in the Market

August 25, 2019

`Motot Hub’ for smartphone lovers

March 16, 2019

US firms may get nod to restart Huawei...

July 15, 2019

Huawei brings festive Eid Offers

May 14, 2019

Carmudi release Research Report on “Car Financing in...

July 30, 2018

OPPO offers World Cup Tour for Fans in...

May 22, 2019

OPPO F21 Pro price and feature in Bangladesh

April 9, 2022

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Recent Posts

  • Pepe Jeans Powers up in Jaipur with its Biggest Indian Store Yet

    May 15, 2025
  • Shafayat Alam takes helm as CEO of Nagad

    May 14, 2025
  • Global Investors Witness PriyoShop’s Impact Firsthand

    May 14, 2025
  • Buyers win iPhones by buying products from ‘Beauty Booth’

    May 14, 2025

Popular Posts

  • 1

    Itel Mobile Brings new affordable Dual 4G Smartphone

  • 2

    Grameenphone and its 25 years history

  • 3

    Global Investors Witness PriyoShop’s Impact Firsthand

  • 4

    National Hackathon final

  • 5

    Bangladeshi Razib Ahmed awarded Facebook fellowship

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018

Mobiles

  • realme launches C75x: The ultra-waterproof smartphone under Tk 18,000 in Bangladesh

  • TECNO launches CAMON 40 Series with FlashSnap & IP68 & IP69 Waterproof technology

  • Infinix leading another lifestyle with Note 50 series

  • Stylish HONOR X8c to hit Bangladesh market soon with 512GB Massive Storage

  • vivo V50 Lite Launches in Bangladesh with Tahsan at Grand Event

Popular Posts

  • 1

    Airtel signs agreement with Concito PR

  • 2

    Aamra technologies make Agreement with Microsoft

  • 3

    Chevron Launches Social Investment Program with BRAC

  • 4

    Prime Bank & bKash Enter into Payroll Agreement

  • 5

    tap brings payment facilities at Cantonment CSD


Tech and Teen is proudly powered by WordPress