Robi’s 21% revenue growth gives it second largest turnover in country, group claims

4 Sep 2013

Bangladeshi cellco Robi Axiata increased its revenues by 21% year-on-year to BDT22.4 billion (USD283 million) in the first half of this year, which its Malaysian parent group Axiata claims gave it the second highest cellular turnover in Bangladesh, ahead of Banglalink and behind GrameenPhone. Net profit for Robi also shot up in the first six months of 2013, to BDT2.24 billion compared to BDT322 million in the same period of 2012, due to lower financing costs. The group claimed that, following an aggressive acquisition drive and focused customer retention initiatives, it achieved subscriber base growth of 19% year-on-year, while posting double digit growth across all financial metrics due to strong voice as well as data growth. Monthly ARPU fell slightly y-o-y from BDT174 to BDT170 while average minutes of use also dropped marginally from 170 to 168.

Bangladesh, Robi Axiata,

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