• Saturday, Dec 05, 2020
  • Last Update : 11:20 am

Robi revenue grows 11.5% in Q3

  • Published at 12:05 am November 25th, 2016
Robi revenue grows 11.5% in Q3
The mobile-phone operator in a media statement on yesterday said the revenue rose to Tk1,390 crore amidst intense price competition. Revenue recovery with customer centric strategy after huge hit for biometric registration campaign which slowed down net addition in quarter 1. “EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) grew by 12.1% to Tk450 crore in Q3 2016 driven by strong mobile revenue growth and prudent cost management initiatives implemented across the company,” says  Robi statement. The operator registered Tk1.76 crore profit (Paid after tax-PAT) in the third quarter impacted by accelerated depreciation resulting from nationwide network modernisation especially in Chittagong-Comilla region. Robi’s active subscriber base decreased to 23.8 million in Q3 2016 due to deactivation of non-compliant SIMs after bio-metric registration cut-off deadline. Mahtab Uddin Ahmed, managing director and CEO of Robi said: “We experienced solid mobile revenue growth during the third quarter of 2016.” “However, SIM deactivation after 31st May 2016 for non-compliant biometric registration SIM has negatively impacted the growth momentum of the business.” “Nevertheless, we are continuing to invest towards expansion and modernization of 2.5G/3.5G network across the country to provide a superior mobile services experience to our subscribers,” he said. Mahtab Uddin said: “During the third quarter of 2016, we continued to bring most innovative and affordable product offers in the market as we have introduced a simple and need-based complete mobile solution named ‘ACE’.”
50
50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail