Earnings release
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Press Release 9 Months 2023 : Continued top line growth with strong EBITDA margin amidst a challenging macroeconomic environment . Revenues ( Bn ) Grameenphone Ltd. reported total revenues of BDT 118.5 billion for first nine months of 2023 , registering a growth 4.9 % from the same period last year . In the third quarter , the Company acquired 0.8 Mn newsubscribers , reaching 82Mn total subscribers at the end of the first nine months . 57.9 % of Earnings Per Share Grameenphone's total subscribers , or Capex ( excl . license , lease & ARO ) ( Bn ) 47.5Mn , are using internet services . Revenues Growth YoY Net Profit After Taxes ( Bn ) NPAT Margin EBITDA Margin Key Figures ( BDT ) grameenphone Q3 2023 9M 2023 41.1 118.5 6.3 % 4.9 % 7.5 27.2 18.2 % 23.0 % 61.9 % 61.3 % 5.53 20.15 2.8 16.8 " The third quarter of 2023 registered continued growth momentum in both revenue and EBITDA supported by data segment in a challenging macroeconomic environment . We continue to focus on meeting our customers unique needs through simplified data portfolio , personalized offers and advanced digital capabilities , which has driven higher data usage by customers " said Yasir Azman , CEO of Grameenphone Ltd. " Our efforts in network expansion and investment , transforming the user experience , has strengthened our position as the No.1 network in the country . While customers remain at the core of our business , ensuring health , safety and security remains a priority throughout our value chain " he added . " Grameenphone's continuous drive for operational excellence along with topline growth resulted in year on - year 5.7 % EBITDA growth in Q3 , while maintaining a strong EBITDA margin at 61.9 % amidst energy price hike , inflation , and other macroeconomic challenges . Total revenue year - on - year grew by 6.3 % after 5.6 % growth in the previous quarter . The growth in Total Revenue was mainly driven by 6 % growth in Subscription & Traffic Revenue , which was 5.3 % in the last quarter . Continued and improved double - digit growth in Data Revenue remains the main contributor to the accelerated topline growth . Net Profit After Tax for the third quarter stood at BDT 7.5 billion with a margin of 18.2 % . " said Jens Becker , CFO of Grameenphone Ltd. Detailed Financial Statements are available at : https://www.grameenphone.com/about/investor-relations/ir-financial-report " During the quarter , Grameenphone invested 2.8 billion CAPEX ( excluding license , lease and ARO ) , mainly focusing on 4G network coverage expansion and 2600 MHz spectrum deployment . 1,900+ new 4G sites and 1,700+ new coverage sites were rolled out in the last 12 months . At the end of Q3 , the number of 4G sites reached at 21K with 97.9 % 4G population coverage . Grameenphone contributed BDT 95 billion to National Exchequer , equaling 80 % of total revenue in the form of taxes , VAT , duties , licenses , and spectrum assignment fees during the first nine months of 2023. "