GP AGM tomorrow, 39 banks to distribute dividend warrants
Kamrun Nahar | Monday, 18 April 2011
Kamrun Nahar
Grameenphone Ltd, country's top mobile phone operator earned Tk 74.7 billion (Tk 7473 crore) revenues in the year 2010, a 14.4 per cent increase from the previous year while its subscribers growth was 29 per cent during the period. The growth in revenue was mainly in voice and data revenues due to subscription growth and revenues from sale of GP branded handsets and data cards, Raihan Shamsi, deputy CEO & CFO of GP told the FE in an interview recently. Mr Shamsi was talking on the company's upcoming annual general meeting scheduled to be held tomorrow (Tuesday) at Bangabandhu International Conference Centre in the city. A total of 0.1 million shareholders have been invited to attend the GP AGM, the second after going public in 2009. The company has already recommended 85 percent cash dividend for its shareholders for the year ended December 31, 2010. The total number of GP subscribers now stands at 31.982 million out of the country's total of 72.963 million mobile subscribers as of March 2011. The company recorded a net profit of Tk 10.71 billion (1071 crore) in 2010, with 14.3 per cent margin compared to Tk 14.97 billion (1497 crore) with 22.9 per cent margin last year. Earnings per share for 2010 stood at Tk 7.93 compared to Tk 12.08 for 2009, the company's annual report revealed. The net asset value per share of the company stood at Tk 35.57 in the year ended December 31, 2010. Mr Shamsi said GP has created a benchmark as a listed company which he thinks will be followed by other companies. "We have conducted the fast-track IPO lottery, returned refund warrants to the applicants, held AGM in fastest possible time and distributed dividend in a fastest possible time," he added. This year the company will distribute the dividend money through 39 banks to at least 73000 shareholders out of 0.1 million within one or two days. The rest Continued to page 20
Grameenphone Ltd, country's top mobile phone operator earned Tk 74.7 billion (Tk 7473 crore) revenues in the year 2010, a 14.4 per cent increase from the previous year while its subscribers growth was 29 per cent during the period. The growth in revenue was mainly in voice and data revenues due to subscription growth and revenues from sale of GP branded handsets and data cards, Raihan Shamsi, deputy CEO & CFO of GP told the FE in an interview recently. Mr Shamsi was talking on the company's upcoming annual general meeting scheduled to be held tomorrow (Tuesday) at Bangabandhu International Conference Centre in the city. A total of 0.1 million shareholders have been invited to attend the GP AGM, the second after going public in 2009. The company has already recommended 85 percent cash dividend for its shareholders for the year ended December 31, 2010. The total number of GP subscribers now stands at 31.982 million out of the country's total of 72.963 million mobile subscribers as of March 2011. The company recorded a net profit of Tk 10.71 billion (1071 crore) in 2010, with 14.3 per cent margin compared to Tk 14.97 billion (1497 crore) with 22.9 per cent margin last year. Earnings per share for 2010 stood at Tk 7.93 compared to Tk 12.08 for 2009, the company's annual report revealed. The net asset value per share of the company stood at Tk 35.57 in the year ended December 31, 2010. Mr Shamsi said GP has created a benchmark as a listed company which he thinks will be followed by other companies. "We have conducted the fast-track IPO lottery, returned refund warrants to the applicants, held AGM in fastest possible time and distributed dividend in a fastest possible time," he added. This year the company will distribute the dividend money through 39 banks to at least 73000 shareholders out of 0.1 million within one or two days. The rest Continued to page 20