Dhaka, April 24 -- Grameenphone's net profit plunged more than 52 per cent year-on-year to Tk 6.34 billion in the first quarter for January-March this year, owing to the challenging macroeconomic environment.

The leading telecom operator's earnings per share stood at Tk 4.69 in January-March this year, against Tk 9.91 in the same quarter a year earlier, according to its quarterly financial statements published on Thursday.

The largest mobile phone operator in Bangladesh's revenue also dropped 2.5 per cent year-on-year to Tk 38.34 billion in the March quarter.

The company's finance expenses also jumped 93 per cent year-on-year to Tk 1.72 billion, while operating profit plunged 18 per cent to Tk 12.72 billion, hitting the bottom line gro...