GP income up 21pc in Q1

Grameenphone Ltd reported a climb in a income by 21.3 percent in a initial entertain of 2011 from a same time final year.

The telecom user available income of Tk 2,067 crore for a initial entertain of 2011 — a Tk 363 crore climb from initial entertain of 2010, Grameenphone spoken during a press discussion in Dhaka yesterday.

The expansion was especially from voice, interpretation as good as interconnection traffic, driven by a 33.8 percent climb in subscription bottom as good as income from a sale of mobile devices.

The increment in income was Tk 109 crore, or 5.5 percent, from a fourth entertain of 2010.

Grameenphone reached out to a farming marketplace by expanding a placement coverage to over 186,000 sell points, whilst customised products as good as use innovation, such as energetic pricing, location-based bonus offers upon tariff, as good as Bangla calm upon low-cost handsets, helped a farming people good from a mobile technology.

The series of internet users during a initial entertain of 2011 grew by 61 percent compared to a year ago, that indicates marketplace preparedness for 3G technology, pronounced Raihan Shamsi, arch monetary military officer of Grameenphone.

During a quarter, a user combined twenty lakh subscriptions as good as finished with a tighten to 3.2 crore subscription base, portion 43.8 percent of a mobile market.

Net distinction after taxes for a initial entertain of 2011 was Tk 287 crore, with a 13.9 percent margin, opposite a Tk 316 crore climb with 18.5 percent domain in a initial entertain of final year.

Despite income growth, a tumble in domain was especially due to a complicated funding of Tk 209 crore in a initial entertain of 2011, compared to Tk 81 crore during a same time final year. This has additionally placed EBITDA (earnings prior to interest, taxes, debasement as good as amortisation) margins down during 47.8 percent for a initial entertain of 2011 compared to 55.4 percent in a same entertain of 2010.

As a result, a gain per share was Tk 2.12, compared to Tk 2.34 in a initial entertain of 2011

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