Grameenphone's profit drops 3.7% in Jan-Mar
Photo: Collected
Grameenphone reported a 3.7% year-on-year decline in its quarterly profit after taxes for the January-March period.
The telecom market leader, despite its higher revenue – Tk3,734 crore from Tk3,633 crore – saw its net profit dropping to Tk779 crore in the three months, from Tk809 crore in the same period a year ago.
According to a price sensitive information disclosure by the company, its quarterly earnings per share (EPS) inched down to Tk5.77 from Tk6.00 for the same quarter of 2022.
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Its net asset value per share stood at Tk40, down from Tk42.94 at the end of December.
Grameenphone's shares having a face value of Tk10 apiece are stuck at the floor price of Tk286.6 for more than seven months at the Dhaka Stock Exchange.
