GP Grameenphone Ltd

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Involving the Board of Graña y Montero S.A.A.

Levi & Korsinsky announces it has commenced an investigation of Graña y Montero S.A.A. (NYSE:GRAM). On February 24, 2017, a report disclosed that Graña was aware of $20 million in bribes conferred to former President Alejandro Toledo by Brazilian firm Odebrecht SA. Graña worked with Odebrecht on two parts of a project to pave a road extending from the Peruvian Amazon to Brazil. To obtain additional information, go to:

http://zlk.9nl.com/grana-montero-gram

or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

EN
27/02/2017

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Reports on Grameenphone Ltd

A K M Arif Uzzaman Arif Uzzaman
  • A K M Arif Uzzaman Arif Uzzaman

Equity Note on Grameenphone Ltd. (GP)

Grameenphone Ltd. (GP) is primarily engaged in providing mobile telecommunication services (voice, data and other related services), along with digital services in the country. The company also provides international roaming services through international roaming agreements with various operators in different countries across the world. GP generated majority of its revenue from voice segment, constituting an average of 59.2% of its total revenue from FY’19 to FY’23. Additionally, the company e...

Md. Ifrat Khan
  • Md. Ifrat Khan

Grameenphone: c30% yoy earnings growth driven by BDT 2.4bn net provisi...

GP paid BDT 17.7bn for the settlement of regulatory disputes: BDT 7.8bn to NBR for the settlement of tax disputes till 2018 and BDT 9.9bn payment to BTRC considering the written judgment for the case relating to VAT mechanism and spectrum assignment fee during 2G license renewal. Operating profit remained flat: 5.6% Revenue growth was offset by increase in non-cash expense (Depreciation and Amortization). c30% earnings growth was driven by Net provision reversal of BDT 2.4bn. Because of cash ...

Humayra Afroz ... (+2)
  • Humayra Afroz
  • Tanay Roy

How did multinational companies perform in Jan-Mar 2023?

* The cumulative profits of Multinational Companies (MNCs), excluding BERGERPBL, increased by c5% yoy in Jan-Mar 2023. * Consumer staple companies experienced continued growth, performing well during the quarter: * MARICO’s profit grew c. 25% this quarter because of profitability improvement driven by lower copra price and opex management * RECKITTBEN resumed topline growth and generated strong earnings growth by trimming operating expenses * All construction companies ...

Md. Ifrat Khan ... (+2)
  • Md. Ifrat Khan
  • Tanay Roy

Grameenphone: Q1 CY23 Earnings Update:: c4% yoy earnings decline

GP posted c4% yoy profit decline in Q1 CY23. The earnings decline was mainly driven by the rise of finance expense and depreciation cost, totaling to BDT 1.8bn. It had BDT 0.8 impact in Q1 CY23 EPS after tax adjusted basis. 2.8% yoy revenue growth reported in Q1 CY23. In Q1 CY23, Revenue stood at BDT 37,348mn against BDT 36,335mn in Q1 CY22 which indicates 2.8% yoy revenue growth. Revenue growth was mainly driven by 14.2% data revenue growth yoy. ARPU is growing for the last five quarters. Th...

Shopnil Paul ... (+2)
  • Shopnil Paul
  • Tanay Roy

Restriction on Grameenphone SIM card sale is withdrawn

On 29th June, 2022, on the ground of the poor service quality, the Bangladesh Telecommunication Regulatory Authority (BTRC) imposed a ban on selling new and old SIM Card for Grameenphone and instructed them to improve their service quality, especially to bring down the call drop rate. Because of the high demand for Grameenphone SIM, on 20th November 2022, BTRC allowed GP to sell 78,000 SIM cards to selective public and private corporate clients, including Bangladesh Armed Forces. Finally, BT...

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