Grameenphone Ltd has earned 64.9% growth in data revenue while its voice revenue grew by 7.1% for the first quarter of 2017.
The operator reported a revenue of Tk3,060 crore, an 11.1% growth from the same period last year, Grameenphone said at a press release.
The operator disclosed the Q1 financial report on Sunday.
In his statement, GP CEO Petter Furberg said the company passed a good quarter with healthy performance to start the year.
“Our data as well voice revenue continues to grow with healthy momentum and this is an encouraging sign for us that our commitment towards providing superior network quality and simple offers are creating greater value for our valued subscribers.”
The market leader of telecom business ended the quarter with 59.9 million active subscribers, registering a 3.3% growth from last quarter.
The company also acquired 0.7 million internet users during the period, taking the quarter-end base to 25.2 million. With this, 42.2% of total subscribers are using Grameenphone internet services.
According to Dilip Pal, CFO of Grameenphone, the phone company reported healthy earnings driven by top-line growth and operational efficiency initiatives.
“The result of this quarter is a testimony that securing potential growth along with operating efficiency is key to driving future profitability for the company.”
Net profit after taxes for the quarter was Tk660 crore with 21.4% margin compared to Tk560 crore with 20.4% margin of the corresponding period of 2016.
GP invested Tk450 crore during the quarter for 3G as well 2G coverage expansion and capacity enhancement of voice.
It added 238 2G and 776 3G sites, taking the cumulative site numbers to 12,222 for 2G and 11,332 for 3G.
With this, the company is covering more than 99% population for 2G and more than 91% for 3G. During the quarter, the company contributed to exchequer Tk1,180 crore.
Thursday, June 04, 2026
