GP’s profit declines in January-March quarter

Grameenphone Ltd's profit declined 3.8 per cent year-on-year to Tk 779.12 crore in the first quarter of 2023.

The largest mobile phone operator in Bangladesh made Tk 810.18 crore in profit in the January-March quarter of 2022.

Thus, the earnings per share were Tk 5.77 in January-March this year against Tk 6 in the same quarter last year, according to the unaudited financial statements.

The net operating cash flow per share rose to Tk 12.97 in the January-March quarter from Tk 12.52 reported in the same quarter in 2022.

The net asset value per share was Tk 40 on March 31 this year and Tk 42.94 on the same day last year.

In a filing on the Dhaka Stock Exchange today, GP said that the net change in cash and cash equivalent for the quarter that ended on 31 March is higher compared to a year earlier due to lower cash used in financing activities.