The net asset value per share was Tk 40 on March 31 this year and Tk 42.94 on the same day last year. In a filing on the Dhaka Stock Exchange yesterday, GP said that the net change in cash and cash equivalent for the quarter that ended on 31 March is higher compared to a year earlier due to lower cash used in financing activities.
GP shares traded at Tk 286.60 yesterday, unchanged from a day earlier.
Meanwhile, the board of Grameenphone approved a 220 per cent cash dividend for 2022.
The announcement comes after the operator held its 26th annual general meeting yesterday. It was organised virtually in line with the instruction of the Bangladesh Securities and Exchange Commission. GP announced a 125 per cent interim cash dividend pay-out earlier.
In the press release, Jorgen C Arentz Rostrup, chair of Grameenphone, said, “2022 was a milestone year for Grameenphone, as we marked 25 years of providing mobile connectivity for millions of people and businesses across Bangladesh.”
Despite adverse regulatory and macroeconomic challenges, the company delivered top-line growth, enabled by network investments, strength in market execution, and greater efficiency from digital transformation and modernisation efforts across the organisation, he said.
In 2022, GP acquired the maximum allowable 60 MHz spectrum in the auction for the 2600 MHz band and also focused on expanding the network, said Yasir Azman, chief executive officer of Grameenphone.
“Despite various challenges, we successfully maintained our network strength and drove constant innovation, introducing e-SIM for the first time in Bangladesh while also further developing our customised product portfolio.”
