Bangladesh’s largest cell phone operator Grameenphone on Monday reported a 10.6-percent increase in revenues for the first half of 2019.
The company, which is listed on the Dhaka Stock Exchange in Bangladesh, said that the revenue was 70.9 billion taka (about 840 million U.S. dollars) for the January-June period of 2019.
In the same period, the operator’s subscriber base grew by 8.9 percent to 75.3 million.
“We delivered a strong business performance during the first half of 2019 amid many challenges in the business environment,” Michael Patrick Foley, chief executive officer of Grameenphone Ltd, said in a statement.
“Due to changes made in the supplementary duty, we revised our product portfolio to ensure our valued customers experienced a smooth transition. We witnessed healthy growth in voice and data revenue, along with growth in usage and subscriber base.”