Grameenphone has reported a significant 53% decline in net profit for the first quarter of 2025, attributing the downturn to a sharp drop in data pricing and ongoing macroeconomic pressures.
📊 Financial Highlights
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Net Profit: Tk 633.93 crore (down from Tk 1,338.03 crore in Q1 2024)
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Earnings Per Share (EPS): Tk 4.69 (a decrease from Tk 9.91)
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Revenue: Tk 3,834.52 crore (a 2.5% year-on-year decline)The Daily Star
📉 Factors Contributing to the Decline
The company attributes the profit drop to:
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Data Pricing: A 17% reduction in data rates.
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Network Modernization: Increased costs and depreciation.
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Currency Depreciation: Higher finance costs due to a weaker Bangladeshi Taka.The Daily Star+2The Daily Star+2The Daily Star+2
📈 Positive Indicators
Despite the profit decline, Grameenphone reported:The Daily Star
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Subscriber Base: 8.48 crore, with 57% using internet services.
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EBITDA: Tk 2,200 crore, maintaining a margin above 57%.
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Average Revenue Per User (ARPU): An increase after two consecutive quarters of decline.The Daily Star+3The Daily Star+3The Daily Star+3
🛠️ Strategic Initiatives
CEO Yasir Azman emphasized the company’s commitment to:
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Digital Transformation: Investing in IT and network infrastructure.
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Digital Inclusion: Training over 220,000 individuals, primarily women from marginalized communities.
These efforts aim to lay the foundation for a data- and digital-centric economy in Bangladesh.The Daily Star+6The Daily Star+6The Daily Star+6
Originally published on 2025-04-25 08:32:49 by .
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