Robi revenue up 11.5pc in Q3
STAFF REPORTER
Mobile phone operator Robi has posted 11.5 per cent revenue growth to Tk 13.9 billion in the third quarter (Q3) this year buoyed by solid growth of data business over the previous quarter, says a press release.
But, the operators subscribers came down to 23.8 million from 27.4 million in the second quarter, representing 20.5 per cent of total market share, in this Q3 due to deactivation of non-compliant biometric registration SIM.
Besides, in quarter on quarter (QoQ), the EBITDA grew up 12.1 per cent to Tk 4.5 billion resulting from strong mobile revenue growth and cost management programmes.
Weve experienced solid mobile revenue growth during the third quarter of 2016, said Robi Managing Director and Chief Executive Officer (CEO) Mahtab Uddin Ahmed while announcing the quarterly business update yesterday.
After the deadline of May 31, 2016 for biometrically SIM verification, he said, deactivation of SIM negatively impacted the growth momentum of business.
In Q3, the profit after tax (PAT) stood at Taka 17.6 million impacted by accelerated assets depreciation from network modernization in Chittagong-Comilla (CC) region. Nevertheless, we are continuing to invest towards expansion and modernisation of 2.5G/3.5G network across the country to provide superior mobile services experience to our subscribers, added Robi CEO.
In Q3, the operator has made Tk 2.9 billion CAPEX investment to expand 2.5G/ 3.5G network coverage nationwide.
In addition, Robi has contributed Tk 3.5 billion to the national exchequer in Q3 which is 25.3 per cent of the total revenue.
On the other hand, in year to year (YTY) the growth momentum of mobile services was further impacted negatively by more expensive mobile services due to additional 1 per cent surcharge and 2 per cent supplementary duty on all mobile services.
