Grameenphone Ltd. has reported total revenues of Tk 150.4 billion (15,040.35 crore) for the fiscal year of 2022, registering a year-on-year growth of 5.1 percent, a press release said Tuesday.
Due to a regulatory ban on the sale of sim cards during the second half of the year, the company registered a 5.0 percent YoY lower subscriber base, reached 7.91 crore users at the end of 2022.
55 percent of Grameenphone’s total subscribers, or 4.36 core, are using internet services, declining by 2.2 percent from the end of 2021.
Yasir Azman, CEO of Grameenphone said, “ On 29th June 2022, the telecom regulator had imposed a ban on sale of our sim cards, which negatively affected our subscriber growth for the second half of the year. As a result of Grameenphone’s commitment to continue prioritizing customer experience and journey, data usage grew by 38.8 percent from last year, while 4G data users increased by 23.6 percent to 3.42 crore at the end of 2022.”
Jens Becker, CFO of Grameenphone said, “Grameenphone reported an improving financial performance in 2022 driven by topline and EBITDA growth. Total revenues grew by 5.1 percent to Tk 150.4b (15,040.35 crore) while subscription and traffic revenues grew by 5.5 percent for the full year.”
The board of directors of Grameenphone have recommended Tk 9.5 dividend per share final dividend for 2022 based on the decision taken at the Board Meeting held on 30 January 2023. With this, the total cash dividend stands at 220 percent of paid-up capital which represents 98.72 percent of profit after tax for the year 2022 (including 125 percent interim cash dividend). The Shareholders as of the record date of 26 February 2023 will be entitled for this final dividend, which is subject to the Shareholders’ approval at the 26th AGM to be held on 02 May 2023.
During the fourth quarter of 2022, Grameenphone invested Tk 5.0b (500.4 crore) for network coverage and expansion.
At the end of the quarter, Grameenphone’s total number of sites stood at 20,080. The company has paid Tk 104.3b (10,427 crore), equaling 69.3 percent of its total revenues, to the national exchequer in the form of taxes, VAT, duties, fees, 4G license and spectrum assignment during 2022.
