Grameenphone Ltd (DHA:GP)

Q3 2024 Grameenphone Ltd Earnings Call Transcript

Oct 29, 2024 / 04:00AM GMT

Release Date Price: BDT311.2 (+2.17%)

Transcript

Key Points

Positve

Grameenphone Ltd (DHA:GP) achieved a commendable EBITDA margin of close to 59% despite challenging conditions.
The company reported a 1% increase in net profits, reaching a healthy margin of 19%.
Grameenphone Ltd (DHA:GP) invested BDT3.9 billion in CapEx this quarter to support growth opportunities.
The enterprise segment showed strong growth momentum with an 8.1% year-on-year increase.
Grameenphone Ltd (DHA:GP) advanced its digital innovation through AI and analytics, winning the Asian Technology Excellence Award for the best self-care app in Bangladesh.

Negative

The company faced a 3.8% decline in revenue due to unrest, internet shutdowns, and adverse weather conditions.
Subscriber numbers decreased, with a notable drop in mobile data users by 2.2 million.
ARPU declined by 7.5% due to a significant drop in data usage during the internet shutdown.
The macroeconomic environment remains challenging with increased taxes and inflation impacting customer purchasing power.
Grameenphone Ltd (DHA:GP) is still dealing with unresolved litigation related to the BTRC audit case.

Chowdhury Tazrian Israt

Grameenphone Ltd - Investor Relations

Welcome to the third-quarter earnings call for the year 2024. I'm Chowdhury Tazrian Israt from Investor Relations. We're joining today from Grameenphone Head office in Dhaka.

Joining me on this call are our CEO, Mr. Yasir Azman; and our CFO, Mr. Otto Risbakk. In consideration of our local guidelines, we will not be providing any forward-looking statements during the call. Our earnings release financial report and other documents related to our results can be found in the quarterly section results of the Investor Relations portal.

Participants are now all invited to begin posting questions, and we shall address them at the end of the presentation. In case you are unable to post questions on the portal, please feel free to reach me out via email or text message and we'll address them at the end.

With that, now, let's get it over to our CEO, Yasir Azman to tell us more about our results.

Yasir Azman

Grameenphone Ltd - Chief Executive Officer

Good morning everyone. Thank

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