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Sunday, August 24, 2014

Tuesday, February 12, 2013
Business

GP profits down

Grameenphone's net profits fell 7.3 percent year-on-year to Tk 1,750 crore in 2012.

The mobile operator announced earnings per share of Tk 12.96, net asset value per share Tk 26.26 and net operating cash flow per share Tk 22.23 for the year ended on December 31, 2012.

The large-cap company declared 50 percent cash dividend.

“The company is yet to disclose the full financial statement but it is expected that the drop in earnings is due to adjustments in financial charges,” said BRAC EPL, a market analyst.

LankaBangla Securities said: “GP most likely saw decelerating growth in fourth quarter as BTRC's 10 second-pulse requirement put a downward pressure on top line growth.”

GP share traded between Tk 168 and Tk 163.5 yesterday, before closing at Tk 165.9, a 0.83 percent fall from the previous day.

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