Dhaka, Aug 29 (UNB)- Local mobile network operator Robi managed to make 1.2 crore taka profit in the second quarter of this year.
The company saw its revenue grow by 1.6% compared to the previous quarter reaching 1,858.7 crore taka. Compared to the same quarter last year, the revenue grew by 12.4%.
Compared to the previous quarter, Robi’s voice revenue grew by 2.8% and in relation to the same quarter last year, the voice revenue grew by 9.7%. While, its data revenue grew by 2.5% compared to last quarter and by 28.9%, compared to the same quarter last year.
Robi’s subscriber base grew by 1.3% from last quarter to reach 4 crore 79 lakhs in Q2,’19, representing 29.6% of the subscriber market share. Compared to the same quarter last year, the subscriber base grew by 7.2% in this quarter. At end of Q2’19, 3 crore 1 lakh subscribers were data users, representing 62.8% of its subscriber base.
Without considering the financial implications of implementing IFRS 16, Robi’s EBITDA stood at 662.6 crore taka in Q2,’19 with 35.6% margin. In terms of EBITDA margin growth in percentage point (pp), Robi’s EBITDA grew by 6.6 pp (without IFRS 16) compared to the previous quarter and by 11.0 pp (without IFRS 16) compared to the same quarter last year. Considering IFRS 16 implications, Robi’s EBITDA stood at 849.9 crore taka at the end of the third quarter of 2019.
Robi’s capex investment declined by 11.7% from last quarter reaching 269 crore taka in Q2,’19. The capex investment was made to finance the company’s 4.5G network expansion and other network upgradation activities. As of now, the company has taken a commanding lead in creating the largest 4.5G network of the country by on-airing 8,080 4.5G sites.
The total capex investment made by the company since its inception reached 23,720 crore taka in this quarter; during this period, Robi has paid a paltry 290 crore taka to its shareholders in the form of dividend.
Robi contributed 679.7crore taka to the Government exchequer in Q2’19 which amounts to 35.6% of the total revenue for the quarter. Robi’s total payment to the Government exchequer since its inception reached 25,190 crore taka in this quarter.