Friday , 25 June 2021
Breaking News

Banglalink’s revenue rises 5pc

businessnews24bd.combanglalink

Banglalink’s total revenue increased 5 percent year-on-year to Tk 1,231.95 crore in the second quarter of 2016 even in the face of Ramadan and intense market competition.

The operator, however, did not disclose its net profit during the period in the financial report, which was published yesterday on its parent company VimpelCom’s website.

The increase in revenue was mainly driven by the continued increase in voice revenue and a 60 percent increase in data revenue.

Banglalink, the country’s second largest operator, recorded Tk 116.43 crore as data revenue for the April-June period — its highest yet.

“We are encouraged to see the response to the digital services that we are offering, which has been instrumental in achieving our second quarter result,” Erik Aas, chief executive officer of Banglalink, said in a statement.

“As we transform ourselves into a digital organisation, we are confident we can offer improved digital services to our customers.”

Banglalink said its data revenue growth was driven by 6 percent growth in data users and 178 percent growth in data usage, supported by expanding 3G coverage and smartphone penetration.

Currently, Banglalink’s customers are using 167MB in a month on average, which was only 60MB one year earlier, said the report. Despite aggressive price competition, Banglalink’s average revenue per user increased 5 percent to Tk 126 mainly on the back of growing voice and data traffic.

During the quarter, the government increased the supplementary duty on mobile services by 2 percentage point, on top of the additional 1 percent surcharge from March 2016, which may have negatively impacted the operator’s financial performance.

At the end of the quarter, the operator’s active customers stood at 3.11 crore, down from 3.2 crore three months earlier.

The operator’s capital expenditure rose 3 percent to Tk 260 crore in the second quarter of the year from a year earlier.

At the end of June, 50 percent of the population was brought under the 3G network, Banglalink said in a statement.

Print Friendly
Loading...

Comments are closed.

`