Grameenphone reports 14 pc higher profit in Q1

bdnews24.com :
Grameenphone has reported Tk 5.16 billion profits in the first quarter of this fiscal, up about 14 percent from the same quarter last year.
The company’s Chief Financial Officer Mainur Rahman Bhuiyan announced this on Dhaka on Tuesday.
“The growth was mainly driven by increased voice outgoing from acquisition, data revenue with momentum from 3G, SMS and campaign-driven content services,” said GP CEO Vivek Sood.
He added that growth in local and international interconnection minutes, wholesale and financial services also contributed.
“During the quarter, GP acquired 1.57 million new subscriptions, taking the year-end subscription base to 48.68 million with 42.2% subscription market share,” he said.
According to the company’s financial statement, operating costs had been reduced by two percent in this quarter, compared to the first quarter of last fiscal.
“GP managed performance revival during the quarter after the depressed Q4 2013 aided by the resumption of economic activities and maintenance of solid traction in the market,” Sood said.