Grameenphone profit drops Tk704cr in Jan-Mar

Grameenphone, a mobile operator, recorded a 53% or Tk704 crore decline in net profit for the January-March quarter of 2025.

During the quarter, it reported a net profit of Tk633.93 crore, which was Tk1,338 crore in the previous year same quarter, according to the company's press release.

In this quarter, the company achieved revenue of Tk3,835 crore, which is 2.5% lower than Tk3,933 crore compared to the same period of the previous year.

At the end of the first quarter, its earnings per share (EPS) stood at Tk4.69 which was Tk9.91 in the previous quarter.

In a press release, Chief Executive Officer of Grameenphone Yasir Azman said, "Although we're still navigating through the challenges of this difficult macro environment, with the strategic measures we've put in place our financial performance is improving. Data user and usage growth remained strong this quarter, but revenue fell year-over-year due to a sharp 17% drop in data pricing. 

"We are stepping into a new era of innovation through the transformation of our IT and network infrastructure, laying the foundation of a data and digital centric economy in the country. Each quarter, we're driving significant IT transformation initiatives that are boosting service reliability and delivering highly personalized experiences," he added.

Chief Financial Officer of Grameenphone Otto Magne Risbakk said, "As anticipated last quarter, the gradual recovery of the economy is leading to a rebound in both data usage and subscriber growth. 

"On a YoY basis, we've registered a decline of 2.5% in total revenue, largely driven by cautious consumer spending. But if we normalize the leap year effect from last year, our year-over-year performance shows we're only 1% behind," he added.