Grameenphone will give all the profit Daily StockBangladesh

Senior Reporter: Companies listed on the stock exchange declare dividends at the end of the year. However, a company can pay interim dividends if it wants. Grameenphone has been distributing dividends on its half-yearly earnings for the last few years.

In the first six months of the current financial year, Grameenphone has decided to give 12 rupees 50 paise to the shareholders by earning 12 taka 69 paise per share.

The money will be paid to shareholders as an interim dividend this year, according to a statement from the country’s largest mobile phone operator.

Companies listed on the stock exchange declare dividends at the end of the year. However, a company can pay interim dividends if it wants. Grameen Phone has also been distributing dividends on its half-yearly earnings for the past few years.

Grameenphone’s Chief Financial Officer (CFO) Jens Baker said their company had earned Tk 3,056 crore in the second quarter (April-June). This figure is 8.1 percent more than the same period last year.

The total profit in the second quarter stood at Tk 851 crore with a margin of 23.6 percent.

In the first half of 2021, the company has deposited Tk 5,450 crore in the government treasury for taxes, VAT, duties, fees, Forge license and wave allocation fees, which is 8.2 percent of the company’s total revenue.

Internet usage per subscriber has increased by 36.6 percent and in the case of internet subscribers, the growth has been 6 percent per annum.

According to the company’s press release, Grameenphone has invested Tk 517.50 crore in network coverage development in the second quarter of 2021. The total number of sites is 18 thousand 417.

In the last three months, the company has added 1.3 million new subscribers to the network, which is 10.1 percent more than the same period last year. And through this, the total subscribers of GP have stood at 62 million. Of which 4 crore 46 lakh internet subscribers.

As it is seen, 53.3% of the total subscribers of Grameenphone are using internet.

Yasir Ajman, Chief Executive Officer of GP, said that more and more customers have opted for Grameenphone due to their continuous efforts on improving the quality of customer experience and digitization. Internet usage also increased in the second quarter for the same reason. In the first quarter, Grameenphone expanded its Forge service to all its towers.

We have also continued our development activities in terms of acquiring new waves and expanding the network; Constantly setting up new network sites. This effort has given us the opportunity to fulfill our commitment to assist in the digitization of Bangladesh by improving the quality of our customer experience and meeting the demands of high speed internet.

He said the number of Forge subscribers increased by 2.3 million in the second quarter, up 56.5 per cent from the same period last year. At the same time, digital research has increased by 14.5 percent.


Source: Daily StockBangladesh by www.dailystockbangladesh.com.

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