Friday, October 11, 2024

Robi’s profits boom in Apr-Jun

Mobile operator Robi’s profits rebounded to Tk 34.1 crore in the second quarter of the year, after a sharp fall in the first quarter, according to Axiata Bangladesh, Robi’s owner.
According to Axiata’s financial report, Robi earned its highest-ever quarterly revenue in the second quarter, touching Tk 34.1 crore. It had dived to Tk 6.2 crore in the first quarter due to the costs of rebranding and subscriber acquisition.
“The revenue growth was mainly due to lower [subscriber-] acquisition [costs] in the second quarter,” according to the financial report.
Axiata rebranded AKTEL in March of 2010 as Robi. Initially a joint venture of Telekom Malaysia and the local AK Khan Group, AKTEL launched its cell phone service in Bangladesh in 1997.
The company was renamed Axiata (Bangladesh) Ltd after the Japan-based NTT DoCoMo bought AK Khan’s 30 percent stake in 2008.
According to the financial report, Robi’s subscriber base increased to 1.45 crore in the second quarter.
The company’s post-paid subscriber ARPU (monthly average revenue per user) was Tk 574, whereas a pre-paid customer’s monthly average expenditure was Tk 187.

Courtesy of The Daily Star

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