Grameenphone Ltd earned Tk2,250 crore net profit after tax in the year 2016, increasing from Tk1,970 crore in the previous year.
Mobile phone operator also reported revenue earning of TK11,490 crore with 9.6% growth from the previous year. The data revenue growth was around 70%. Dilip Pal, chief financial officer of Grameenphone Ltd, revealed the figures at a press conference on Tuesday in Dhaka.
Grameenphone CEO Petter Furberg said the “expansion of networks” and “affordable prices” are the main reasons behind growth in data consumption in 2016.
Peter said: “2016 has been a solid year for Grameenphone with encouraging all-round business performance. Data revenue continued its growth momentum and the dominant voice segment also experienced growth.”
“During the year, we also completed bio-metric verification successfully and rolled out 90% of the sites with 3G capability,” he added.
Dilip Pal said globally Bangladesh is the lowest in data pricing and second lowest in voice pricing after Sri Lanka.