Grameenphone’s profit shrinks 12% in 2022
The company has scheduled a conference today to share the reasons behind its profit fall
The country's largest mobile telecommunications operator Grameenphone witnessed a 12% year-on-year decline in earnings per share (EPS) in 2022.
The company officials said that they will explain the reason for the profit decline at a conference on Tuesday.
Last year, the company's EPS was Tk22.29, which was Tk25.28 a year ago. Its net asset value per share also fell to Tk34.22 in 2022 from Tk39.94 a year earlier.
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The company also declared a 95% final cash dividend to its shareholders for 2022, where it already paid a 125% interim cash dividend. The total dividend stood at 220% cash which was 98.72% of its total profit.
To approve the dividend and audited report, Grameenphone will conduct the annual general meeting on 2 May this year. The record date is 26 February to entitle the shareholders for the dividend.
