Grameenphone's profit falls 12pc, hit by SIM sale ban
Dhaka, Jan. 31 -- Grameenphone's profit has fallen 12 per cent year on year to Tk 30.1 billion in 2022 as the regulatory ban on sales of SIM cards hurt the mobile phone operator's subscriber growth for the second half of the year.
Its subscriber base shrank 5.0 per cent to 79.1 million at the end of 2022. The number of subscribers who used Grameenphone's internet services also fell by 2.2 per cent to 43.6 million, according to the company's financial statement released on Tuesday, reports bdnews24.com.
The company's revenue grew 5.1 per cent to Tk 150.4 billion in 2022 from a year earlier, but its net profit for the fourth quarter was adversely impacted by a forex loss and "negative verdict of legacy litigation", CFO Jens Becker said in...
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