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.
Dhaka, Aug 29 (UNB)- Islami Bank Bangladesh Limited inaugurated its Agent Banking outlet at Bhawal Mirzapur, Gazipur recently.
Abu Reza Md Yeahia, Deputy Managing Director of the Bank inaugurated the outlet as the chief guest. Mohammod Ullah, Executive Vice President and Head of Dhaka East Zone presided over the program while Md Anwar Hossain, Senior Vice President and Head of Gazipur Chowrasta Branch addressed welcome speech.
Md Fazlul Haque Musulli, Chairman of Bhawal Mirzapur Union Parishad, Md Abu Taher Musulli, former Vice Chairman of Gazipur Sadar Upazila, Awlad Hossain Mridha, Managing Director of Unity Febrics Industries Limited and Md Shafiqul Islam, educationists and social workers were present as special guests.
Md Shah Alam, bank’s agent and proprietor of M/s Bipu Enterprise along with local businesspersons, professionals and dignitaries attended the occasion.
Dhaka, Aug 28 (UNB) – Leading electronics manufacturer of the country Walton signed a deal with Indian giant Reliance Retail to sell their products in Indian markets.
Under the agreement, Walton’s line of electronics home appliances will be made available through Reliance to be sold across India.
Walton’s International Business Unit (IBU) President Edward Kim and Executive Vice President and Chief Merchandising Officer (CMO) of Reliance Retail Ltd. Koushal Nevrekar inked the agreement on behalf of their company at Walton Headquarter in Chandra of Gazipur.
SM Ashraful Alam, Managing Director and SM Mahbubul Alam, Director of Waltion Hi-tech Industries Ltd, among others, attended the signing ceremony.
Dhaka, Aug 27 (UNB)- Robi, a prominent mobile network operator and transportation network company Pathao have recently entered into a strategic partnership to facilitate the Pathao users with digital recharge option from its mobile application.
Robi’s Chief Commercial Officer, Pradeep Shrivastava and Pathao’s Co-Founder and CEO, Hussain Muhammed Elius signed the strategic partnership agreement on behalf of their respective organisations at Robi Corporate Office.
Under the agreement, Pathao users and riders can avail Robi and Airtel electronic top-up services using Pathao’s mobile application.
Robi’s Sales Operation’s Vice President, ASM Enayetur Rahim, General Manager, Biplab Banerjee, Manager, Ronald Rony Baidya, Manager of Contract Management in Legal Affairs, Akhtarunnessa Khanum and Pathao Limited’s Chief Technology Officer, Shifat Adnan, Senior Product Manager, Md Nazmul Haque, Senior Software Engineer, Arman Kamal, Executive of Marketing, Osman Saleh, Executive of Pay Operations, Mayamur Sultana Nawmeen were present on the occasion.
Dhaka, Aug 26 (UNB) – The four-day 20th Textech Bangladesh International Expo will begin in the city on September 4 to showcase latest products and technology in the textile and garment sector.
Conference and Exhibition Management Services Ltd (CEMS Global) will host the event at International Convention City Bashundhara (ICCB).
Two more exhibitions titled “16th Dhaka International Yarn and Fabric Show 2019-Summer Edition” and “38th Dye+Chem Bangladesh 2019 International Expo” will also be held concurrently at the same venue.
“It (exhibition) will be the largest 360° supplier hub of the textile and apparel manufacturing industry in the country where visitors will find the biggest display of international yarn, fabrics, trims, accessories, chemical, dyes, machinery and other related products and services,” said Meherun N Islam, president and group managing director of CEMS Global, at a press briefing here on Monday.
She also said over 1,300 companies from different countries, including China, India, Germany, the UK, the USA, Taiwan, Japan, Turkey, Italy and Sri Lanka, will showcase their products and services through 1,500 booths.
“CEMS-Global USA’s International Textech series of exhibition’ have reached its accession in popularity in South and South-East Asia having organised extremely successful editions in Bangladesh, Indonesia and Sri Lanka. Textech Bangladesh has been serving the textile and apparel sector of Bangladesh for the last 19 years as a great B2B platform for textile garment machinery manufacturers to network with the textile and apparel manufacturers,” Meherun added.
She said the textile and apparel export industry of Bangladesh now stands at $32 billion and is now aggressively focusing on increasing its apparel export to $50 billion by the year of 2021.
The exhibition’s international online partner is “Gosourcing365.com – The worldwide online B2B one-stop sourcing platform for yarn, fabric, apparel, trims, accessories, dyestuff and chemicals.
Tanveer Qamrul Islam, Executive Director of CEMS, Noyem Sharif, head of marketing and communications, and KM Khairul Hasan Arif, AGM-Admin, CEMS Bangladesh, were also present there.