Robi registers revenue growth in 3rd quarter

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Robi logo

Robi Axiata Ltd (Robi) has announced its financial results for the third quarter of the current year.

During the period, total revenue increased by 4 per cent compared to the same period of the previous year, data revenue registered encouraging growth of 26.1 per cent which was propelled by significant investment in network coupled with innovative affordable data offerings to drive 3.5G and 2.5G data usage.

Robi achieved operating profit (EBITDA) margin of 22.2 per cent in the third quarter which is 10.5 per cent lower than the same period of previous year as a result of higher network operating expenses from continued network investment and intense price competition.

QoQ EBITDA grew by 4 per cent to Tk 17.5 billion in Q3 driven by strong mobile revenue growth and prudent cost management initiatives implemented across the company.

Robi successfully added 1.6 million new subscribers in the 3rd quarter this year to reach 41.2 million subscribers mark, representing 29.3 per cent of the industry’s subscriber market-share.