Robi makes Tk 42cr profit in Q1

Robi-Axiata Ltd, the second-largest mobile phone operator in Bangladesh, made Tk 42.03 crore profit in the first quarter of 2023.

The profit stood at Tk 39.83 crore in the January-March quarter of 2022, the unaudited financial statements showed.

The board of Robi-Axiata approved the financial statements at a meeting yesterday.

Revenue grew more than 16.25 per cent to Tk 2,347.74 crore in January-March. It was Tk 2,018.92 crore in the same quarter a year earlier.

The net asset value per share of Robi improved to Tk 12.90 on March 31 this year from Tk 12.72 on the same day a year ago.

The net operating cash flows per share rose to Tk 1.83 in the first quarter of 2023 from Tk 1.61 in the identical three-month period of 2022.

Shares of Robi closed unchanged at Tk 30 on the Dhaka Stock Exchange yesterday. It had 5.55 crore subscribers as of March.