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Dhaka Tribune

Industry’s highest 4G adoption driving data-led growth for Robi

Robi’s revenue for the quarter reached Tk2,516.2 crore following a jump of 7.2% from a year ago

Update : 22 Apr 2024, 06:49 PM

Robi closed the first quarter of this year (Q1’24) with strong data-led growth momentum, despite macroeconomic challenges and highly competitive market landscape.

Industry’s highest 4G adoption rate is providing Robi the competitive edge in this regard. 

As part of the company’s drive to strengthen its network, Robi has added 577 new 4G sites in Q1’24.

Such focused drive to improve quality of services has resulted in Robi having more than 81% of its data customers as 4G users, which is highest in the industry.

Robi’s revenue for the quarter reached Tk2,516.2 crore following a jump of 7.2% from a year ago.

During this period, the data revenue shot up by 25.7% indicating strong data-led growth momentum.

Earnings before interest, tax, depreciation, and amortization (EBITDA) went up by 16% over the last year to reach Tk1,220.2 crore in Q1’24 with a healthy margin of 48.5%.

Profit after tax (PAT) in Q1’24 stood at Tk106.7 crore with Tk0.20 earnings per share (EPS).

Robi’s active subscriber base reached 58.1 million at the end of Q1’24.

Its internet subscriber base stood at 43.6 million and 4G subscriber base stood at 35.5 million at that same point in time.

More than 75% of Robi’s active subscriber base is data users- another highest in the industry.

Robi contributed Tk1,605.5 crore to the Government exchequer in Q1’24, which was 63.8% of the company’s revenue for the quarter.

The capital investment for Q1’24 stood at Tk366.2 crore.

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