Annual Report 2013 of GrameenPhone Limited

It is a broadly described annual report of GrameenPhone Limited in the year of 2013. During 2013 alone, the Company contributed BDT 69.1 billion (BDT 6,908 Crore) to the national exchequer compared to BDT 62.7 billion (BDT 6,267crore) of 2012, which represent about 71% of GP’s total revenue of 2013. In 2013, GP’s contribution to national exchequer included BDT 7.1 billion as final installment on account of 2G license renewal and spectrum fees and BDT 10.4 billion for the 1st installment of 3G license acquisition and spectrum fees. GP has invested BDT 30 billion (BDT 2,993 Crore) in 2013. These investments bring GP’s accumulated investment in Bangladesh to about BDT 243 billion (or BDT 24,336 Crore) since inception to date. Total revenue for 2013 was BDT 96.6 billion (BDT 9,662 Crore) having a solid growth of 5.1% compared to the previous year. 2.3% increase in voice traffic revenues for the year 2013 from last year, mainly driven by the subscription growth. Net profit margin for the year 2013 was 15.2% compared to 19.0% of 2012. Despite steady operating profit margin, net profit after tax decreased by 16.0% due to the one-off tax adjustment for increased corporate tax rate from 35% to 40%, effective from 2012. As a result, Earnings per Share (EPS) for the year 2013 stood at BDT 10.89 compared to BDT 12.96 of 2012.

For the year ended December 31, 2013, the Board of Directors of the Company has paid an Interim Cash Dividend @ 90% of the paid-up capital amounting to BDT 12,152,700,198 which was BDT 9 per share of BDT 10.00 each. Now, the Directors are pleased to recommend a Final Cash Dividend @ 50% of the paid-up capital amounting to BDT 6,751,500,110 which is BDT 5 per share of BDT 10.00 each for the year 2013 out of the divisible profits of the Company for consideration and approval of the Shareholders for distribution. Inclusive of the Interim Dividend of 90% paid already, this would make a cumulative total dividend @ 140% of the paid-up capital amounting to BDT 14 which was BDT 18,904,200,308 per share for the year 2013.

More Annual Report of GrameenPhone Limited: