bKash posts Tk504 crore profit in nine months, revenue soars
This represents a 131% increase in profit compared to the same period last year
Bkash logo. Photo: Collected
bKash Limited, the country's leading mobile financial services (MFS) provider, has reported a net profit of Tk504 crore for the first nine months of the current year.
According to the company's financial statement, this represents a 131% increase in profit compared to the same period last year.
During January–September, bKash, a BRAC Bank subsidiary, also saw its revenue rise 33% to Tk4,838 crore. In the third quarter (July–September), revenue grew 38% to Tk1,632 crore, while net profit jumped 80% to Tk197 crore.
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BRAC Bank holds a 51% stake in bKash, with other key shareholders including Money in Motion LLC (16.45%), Alipay Singapore E-Commerce (14.87%), International Finance Corporation (10.36%), and SVF II BEAM (DE) LLC (7.32%).
