GP declares 80pc interim dividend

The Board of Directors of Grameenphone has declared interim dividend in cash at the rate of 80 per cent of the paid up capital (BDT 8 per share of BDT 10 each) for the year 2015 out of the provisional net profit of the company for the half year ended on 30 June, 2015 and retained earnings up to 31 December, 2014.

"This dividend represents 103 per cent of the after tax profit for the half year ended on 30 June, 2015.  The shareholders as of the record date of 29 July, 2015 will be entitled for this dividend, which will be distributed within the timeframe stipulated by the regulators," a statement of the company said Tuesday.

It said Grameenphone Ltd reported revenue of BDT 51.5 billion for the first half of 2015, up 0.7 per cent from the same period last year. Service revenue (excluding IC) grew by 0.2 per cent (YoY) along with 2.9 per cent (YoY) de-growth in device and 13.8 per cent (YoY) growth in other revenues mainly generated by infrastructure sharing and mobile financial services. Growth in service revenue was mainly driven by data and VAS.

During this first half of 2015, GP acquired 1.6 million new subscriptions, taking the year-end subscription base to 53.1 million. This constitutes 7.9 per cent subscription growth (YoY) with SIM market share of 41.9 per cent(as of May'15). Data subscriber number stood at 13.4 million with encouraging volume growth.