Robi revenue grows 11.5% in Q3

The mobile-phone operator in a media statement on yesterday said the revenue rose to Tk1,390 crore amidst intense price competition. Revenue recovery with customer centric strategy after huge hit for biometric registration campaign which slowed down net addition in quarter 1. “EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) grew by 12.1% to Tk450 crore in Q3 2016 driven by strong mobile revenue growth and prudent cost management initiatives implemented across the company,” says  Robi statement. The operator registered Tk1.76 crore profit (Paid after tax-PAT) in the third quarter impacted by accelerated depreciation resulting from nationwide network modernisation especially in Chittagong-Comilla region. Robi’s active subscriber base decreased to 23.8 million in Q3 2016 due to deactivation of non-compliant SIMs after bio-metric registration cut-off deadline. Mahtab Uddin Ahmed, managing director and CEO of Robi said: “We experienced solid mobile revenue growth during the third quarter of 2016.” “However, SIM deactivation after 31st May 2016 for non-compliant biometric registration SIM has negatively impacted the growth momentum of the business.” “Nevertheless, we are continuing to invest towards expansion and modernization of 2.5G/3.5G network across the country to provide a superior mobile services experience to our subscribers,” he said. Mahtab Uddin said: “During the third quarter of 2016, we continued to bring most innovative and affordable product offers in the market as we have introduced a simple and need-based complete mobile solution named ‘ACE’.”