• Wednesday, Dec 08, 2021
  • Last Update : 12:08 am

Grameenphone’s Q3 earnings drop

  • Published at 08:11 pm October 21st, 2021
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GP said that its NOCFPS has increased by 82% for the nine-month period ended on September 30, 2021, compared to that of September 30, 2020

The Q3 (July-September) earnings of Grameenphone dropped by 3.79%.

In a filing with Dhaka Stock Exchange on Thursday, the telecom operator said that its earnings per share (EPS) was Tk6.34 for the Q3 of 2021 as against Tk6.59 for the Q3 of 2020. 

It also said that its net operating cash flow per share (NOCFPS) was Tk33.87 for the Q3 of 2021 as against Tk18.61 for the same period of 2020. 

In the filing, GP said that its NOCFPS has increased by 82% for the nine-month period ended on September 30, 2021, compared to that of September 30, 2020. 

For the nine-month period ended September 30 of the current year, net cash generated from operating activities is Tk4,573.74 crore, which was Tk2,512.87 in the comparative period. 

Meanwhile, its net asset value (NAV) per share was Tk30.82 as of September 30, 2021, and Tk31.29 as of September 30, 2020. 

GP further said that it deposited Tk1,000 crore on February 23, 2020, and another Tk1,000 crore on May 19, 2020 to BTRC with regards to its audit dispute, which is under sub-judice. The telecom operator did it according to the direction of the Appellate Division. 

However, in the current period, there has not been any such significant one-off incident. 

This is the main reason for the increase in NOCFPS in the current period compared to the comparative period, it said. 

GP offered a handful 275% cash dividend to its shareholders back in the year 2020. The closing price for each of its shares was Tk365.5 during Thursday’s trade.

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