Coronavirus crisis hits Robi as it posts drop in revenue
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Dhaka, Aug. 28 -- It cited the pandemic crisis as a reason behind the fall in revenue in a statement on Thursday.
Robi's revenue declined by 5.2 percent compared with the same quarter last year.
Cost optimisation drive coupled with less customer acquisition and revenue-driven cost helped Robi register a profit after tax or PAT of Tk 584 million in the April-June quarter.
"While reading the PAT figure, it must be noted that it is heavily impacted by the discriminatory 2% minimum turnover tax. The smaller players in the telecom industry are effectively made to pay minimum turnover tax at double the rate compared to any other industry," the company said.
In addition to the revenue dent, the active subscriber base took a heavy beating thr...
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