Grameenphone’s profit will fall 12 percent year-on-year to 30.1 billion rupees in 2022, as regulatory restrictions on SIM card sales hurt the mobile phone operator’s subscriber growth in the second half of the year.
Its subscriber base is expected to drop 5 percent to 79.1 million at the end of 2022. The number of subscribers using Grameenphone’s Internet services also declined by 2.2 percent to 43.6 million, according to the company’s financial statement released on Tuesday.
The company’s revenue rose 5.1 percent to 150.4 billion takas in 2022 from a year earlier, CFO Jens Becker said in a statement, but its net profit in the fourth quarter was adversely affected by foreign exchange losses and a “negative ruling on legacy litigation.” influenced by
