Annual Report 2015 of GrameenPhone Limited

It is a broadly described annual report of GrameenPhone Limited in the year of 2015. As one of the largest contributors to the National Exchequer, Grameenphone paid BDT 5,113 Crore, comprising 48.8% of total revenue, to the National Exchequer in 2015 in the form of taxes, VAT, duties and license fees. The Company ended the year on a positive note with revenue up 2% to BDT 104.8 billion. Data revenue growth of 66% and VAS growth of 31% were the main contributors during the year. Net profit after taxes for the period was BDT 19.7 billion with an 18.8% margin compared to BDT 19.8 billion and a 19.3% margin in 2014. In 2015, ARPU decreased by 6.2% at BDT 155 (2014: BDT 165), mainly due to competitive pressure on domestic voice pricing. Profit after tax for 2015 stood at BDT 19.7 billion (2014: BDT 19.8 billion). Despite 1.5 billion growth in EBITDA, profit after tax marginally decreased by 0.5% from last year due to higher depreciation and amortization resulted from higher investment during 2015 and higher income taxes resulted from one-off positive adjustments for prior years in 2014. Net profit margin for 2015 stood at 18.8% (2014: 19.3%).

Grameenphone share price decreased by 30.09%, closing at BDT 253.00 at year end with a daily average turnover value worth BDT 96.58 million (BDT 9.66 Crore). Grameenphone stock experienced the highest value at BDT 369.20 and the lowest at BDT 236.10 during the year. Grameenphone’s market capitalization on 31 December 2015 stood at BDT 341.63 billion (BDT 34,163 Crore) on the DSE, representing 13.27% of the total equity market capitalization.

For the year ended December 31, 2015, the Board of Directors of the Company has paid an Interim Cash Dividend @ 80%of the paid-up capital amounting to BDT 10,802,400,176 which was BDT 8 per share of BDT 10.00 each. Now, the Directors are pleased to recommend a Final Cash Dividend @ 60% of the paid-up capital amounting to BDT 8,101,800,132 which is BDT 6 per share of BDT 10 each for the year 2015 out of the divisible profits of the Company for consideration and approval of the Shareholders for distribution. Inclusive of the Interim Dividend of 80% paid already, this would make a cumulative total dividend @ 140% of the paid-up capital of the Company which represents 96% of the Profit After Tax for the year 2015 amounting to BDT 18,904,200,308.

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