Grameenphone-the leading telecom company in Bangladesh has recently published the annual report for the year 2020. The total revenue of the company in 2020 was Tk 139.6 billion, which is a de-growth of 2.8% YoY from 2019 (Tk 143.7 billion).
The de-growth is mainly due to lower voice and interconnectivity revenues. Voice revenue declined by 7.2% in 2020 mainly due to the Covid-19 pandemic and a 5% increase of Supplementary Duty in the National Budget of FY 2020-21. Data revenue grew by 14.0% YoY mainly due to higher data consumption during the pandemic period. Despite the YoY de-growth in revenue, net profit after tax increased by 9.6% YoY mainly due to operational efficiency. The NPAT (net profit after tax) was Tk 37.8 billion which was Tk 34.5 billion in 2019. Total subscribers at the end of 2020 were 79.0 million which was a growth of 3.4% from 2019 (76.5 million).