Robi sees 3.7 per cent revenue growth in Q1

Robi, the second largest mobile phone operator of the country, registered revenue growth by 3.7 per cent in the first quarter (Q1), 2019 compared to the last quarter, reaching Tk 1,829 crore.

Besides, the growth was 12.3 per cent higher compared to the same quarter of the last year, according to the quarterly business update of Robi revealed yesterday through a media statement.

“We are happy to see the company edging above the break-even point following the tough financial situations caused by the merger and intense market competition,” said Robi’s Managing Director and CEO Mahtab Uddin Ahmed.

Compared to the previous quarter, Robi’s voice revenue grew by 0.6 per cent while it was 5 per cent in relation to the same quarter last year. On the other hand, data revenue grew by 8.3 per cent compared to last quarter and by 32.1 per cent, compared to the same quarter of last year.

Robi’s subscriber base grew by 1 per cent from the last quarter to reach 4.73 crore in Q1 of 2019, representing 29.6 per cent of the subscriber market share in the industry.

Compared to the same quarter of last year, the subscriber base grew by 3.8 per cent in this quarter. At end of Q1 of 2019, data users stood 2.90 crore, representing 61.3 per cent of its subscriber base.

“The continuation of the overwhelming response from customers with regards to porting in to our network using the MNP facility only proves that Robi is standing out in the market as an innovative digital brand,” said Robi CEO.

However, Robi said it has registered Tk 11.5 crore profit in the Q1 of 2019 by the creation of the largest 4.5G network of the country. Due to the financial implications of implementing IFRS 16 by Robi in January 2019, the slim profit turned into a loss of Tk 24.6 crore.

 

Robi sees 3.7 per cent revenue growth in Q1

Robi, the second largest mobile phone operator of the country, registered revenue growth by 3.7 per cent in the first quarter (Q1), 2019 compared to the last quarter, reaching Tk 1,829 crore. Besides, the growth was 12.3 per cent higher compared to the same quarter of the last year, according to the quarterly business update of Robi revealed yesterday through a media statement. We are happy to see the company edging above the break-even point following the tough financial situations caused by the merger and intense market competition, said Robis Managing Director and CEO Mahtab Uddin Ahmed. Compared to the previous quarter, Robis voice revenue grew by 0.6 per cent while it was 5 per cent in relation to the same quarter last year. On the other hand, data revenue grew by 8.3 per cent compared to last quarter and by 32.1 per cent, compared to the same quarter of last year. Robis subscriber base grew by 1 per cent from the last quarter to reach 4.73 crore in Q1 of 2019, representing 29.6 per cent of the subscriber market share in the industry. Compared to the same quarter of last year, the subscriber base grew by 3.8 per cent in this quarter. At end of Q1 of 2019, data users stood 2.90 crore, representing 61.3 per cent of its subscriber base. The continuation of the overwhelming response from customers with regards to porting in to our network using the MNP facility only proves that Robi is standing out in the market as an innovative digital brand, said Robi CEO. However, Robi said it has registered Tk 11.5 crore profit in the Q1 of 2019 by the creation of the largest 4.5G network of the country. Due to the financial implications of implementing IFRS 16 by Robi in January 2019, the slim profit turned into a loss of Tk 24.6 crore.