Robi's revenue, profit surge in March quarter

Robi Axiata Limited – the country's second largest mobile network operator – has reported growths in both its revenue and profit in the January to March quarter of the ongoing 2022-23 fiscal year, compared to the same quarter of the previous fiscal.

According to its un-audited financial statement for the March quarter, that the company revealed after its board meeting on Monday, its mobile services revenue including voice, non-voice traffic, data, subscriptions and connection fees surged by 17.64% to Tk2,171 crore. And, its net profit grew by 5.49% to Tk42 crore.

Its interconnect services increased by 13% to Tk131 crore.

However, its revenue from the sale of devices declined by 73% to Tk2.65 crore, and other revenue like commission, IT professional services and digital services revenue declined by 14% to Tk29.40 crore.

Robi's consolidated earnings per share stood at Tk0.08, net asset value per share at Tk12.90, and net operating cash flow per share at Tk1.83 at the end of March 2023.

Robi Axiata, formerly known as TM International (Bangladesh) Limited, was incorporated in 1995.

As of 31 March 2023, the company has a total of 5.55 crore subscribers, up from 5.44 crore in December 2022.

The company raised Tk523 crore from the stock market through an initial public offering in 2020.

Its shares have been stuck on the floor price at Tk30 each since August last year at the Dhaka Stock Exchange.