Dhaka, Bangladesh (BBN) - Grameenphone Limited has reported BDT 23.22 billion revenues for the first quarter of 2012 with 12.3 percent increase from same period of 2011.
The growth was mainly from voice as well as interconnection revenues driven by subscription growth, revenues from non voice services, roaming and infrastructure sharing.
"I am delighted to present the first quarter results to our Shareholders, where GP maintained its revenue growth momentum and profitability", Tore Johnsen, Chief Executive Officer of Grameenphone Ltd, said in a press conference in the capital Dhaka on Tuesday.
He added, "Customer centric telecommunication solutions have enabled GP to attain fair portion of the market growth amidst tough competition".
Net profit after taxes for the first quarter of 2012 was BDT 5.20 billion with 22.4 percent margin compared to BDT 2.87 billion with 13.9 percent margin of the first quarter of 2011.
Higher profit for this period was mainly due to revenue growth, efficient cost management and reduced depreciation expenses. EBITDA margin for the first quarter of 2012 was 55.1 percent, which also has increased by 7.3 percentage points compared to 47.8 percent of the same period last year.
As a result, Earnings per share (EPS) for the first quarter of 2012 stood at BDT 3.85 compared to BDT 2.12 of the first quarter of 2011, the company said.
BBN/SSR/AD-09May12-8:20 am (BST)
