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GP revenue grew by 1.8pc to Tk 3,621cr in Q3’21

Published : Sunday, 24 October, 2021 at 12:00 AM  Count : 479
Business Correspondent

Grameenphone Ltd (GP) reported total revenues of BDT 3,621 crores for the third quarter of 2021, registering a 1.8% growth from the same period last year.
Having acquired 16 lakh new subscribers, the operator ended the period with 8.36 crore subscribers, a 7.7% year over year growth. 4.61crore subscribers, or 55.1% of total subscribers, are using internet services, says a press release.
"We added 24lac Mn data users to our network, registering a 9.7% YoY growth in data users. As we also continue to focus on driving bundle packs comprising of voice and data to our customers, we see a higher conversion from voice to data users leading to 55% YoY growth in 4G data users and 52.4% increase in data usage from last year." The press release quoted GP CEO Yasir Azman as saying.
He said: "We believe the right mix of competency, capabilities and tools will enable our growth ambition, reinforce our position as a connectivity partner, and help move Bangladesh forward."
"The beginning of the third quarter was negatively impacted by the stricter lockdown, but as the rates of COVID-19 started to decline, many restrictions were also eased. Despite this, we continued our network operations with our partners, which remains a key factor behind our continued growth momentum." said GP CFO Jens Becker.
"Total revenues grew by 1.8% YoY to BDT3,621 crores for the third quarter, while subscription and traffic revenues grew by 1.9% driven by strong contribution from bundles. We ended the quarter with an EBITDA margin of 63.3%. Net profit after tax for the period stood at BDT856 crores with 23.6% margin."
During the third quarter of 2021, GP invested BDT192 crores for network coverage. GP's total number of sites stands at 18,023. The company has paid BDT7,920 crores equaling 74.2% of its total revenues, to the national exchequer in the form of taxes, VAT, duties, fees, 4G license and spectrum assignment in the first nine months of 2021.

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