Robi yesterday declared a third-quarter loss of Tk 12.5 crore, although the mobile operator touched the break-even point in the previous quarter.
The company earned Tk 782.1 crore in revenues in Q3, 13 percent higher than the same period in 2010 and 3 percent higher than Q2 this year.
According to the company, the loss is mainly caused by the devaluation of local currency and adopting modern equipment.
The company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) for Q3 this year was up by 18 percent from Q2, driven by aggressive subscriber growth, reduction in SIM tax and a cost-effective management, said Mahtabuddin Ahmed, chief financial officer of Robi.
The company also added 7.85 lakh subscribers in Q3, an increase of 5.4 percent than the previous quarter, Ahmed said.
He was speaking at a press briefing at the mobile operator’s head quarter in Dhaka where Michael Kuehner, managing director, was also present.
-With The Daily Star input