Announcement • Apr 16
Grameenphone Ltd. to Report Q1, 2026 Results on Apr 22, 2026 Grameenphone Ltd. announced that they will report Q1, 2026 results on Apr 22, 2026 Announcement • Feb 03
Grameenphone Ltd., Annual General Meeting, Apr 20, 2026 Grameenphone Ltd., Annual General Meeting, Apr 20, 2026, at 10:30 Central Asia Standard Time. Announcement • Jan 25
Grameenphone Ltd. to Report Fiscal Year 2025 Results on Feb 02, 2026 Grameenphone Ltd. announced that they will report fiscal year 2025 results on Feb 02, 2026 Announcement • Oct 21
Grameenphone Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Grameenphone Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Jul 14
Grameenphone Ltd. to Report Q2, 2025 Results on Jul 16, 2025 Grameenphone Ltd. announced that they will report Q2, 2025 results on Jul 16, 2025 Announcement • Apr 21
Grameenphone Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Grameenphone Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 Announcement • Jan 26
Grameenphone Ltd. to Report Fiscal Year 2024 Results on Feb 03, 2025 Grameenphone Ltd. announced that they will report fiscal year 2024 results on Feb 03, 2025 Announcement • Nov 07
Grameenphone Appoints Tanveer as Chief Corporate Affairs Officer Grameenphone has appointed Mohammad Tanveer as its chief corporate affairs officer, effective 1 November. Tanveer previously held leadership positions across Grameenphone and Telenor Group. Tanveer most recently served as senior vice-president and head of Asia Integration Team at Telenor Group. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: ৳5.59 (vs ৳5.53 in 3Q 2023) Third quarter 2024 results: EPS: ৳5.59 (up from ৳5.53 in 3Q 2023). Revenue: ৳39.5b (down 3.8% from 3Q 2023). Net income: ৳7.55b (up 1.1% from 3Q 2023). Profit margin: 19% (in line with 3Q 2023). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 4% per year. Announcement • Oct 21
Grameenphone Ltd. to Report Q3, 2024 Results on Oct 28, 2024 Grameenphone Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024 Price Target Changed • Aug 29
Price target increased by 22% to ৳374 Up from ৳306, the current price target is an average from 3 analysts. New target price is 8.7% above last closing price of ৳344. Stock is up 20% over the past year. The company posted earnings per share of ৳24.49 last year. Buy Or Sell Opportunity • Aug 18
Now 21% undervalued Over the last 90 days, the stock has risen 63% to ৳366. The fair value is estimated to be ৳462, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years, while earnings per share has been flat. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to ৳379, the stock trades at a trailing P/E ratio of 14.5x. Average forward P/E is 15x in the Wireless Telecom industry in Asia. Total returns to shareholders of 29% over the past three years. Upcoming Dividend • Aug 07
Upcoming dividend of ৳16.00 per share Eligible shareholders must have bought the stock before 14 August 2024. Payment date: 18 August 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.0%. Within top quartile of Bangladeshi dividend payers (4.2%). Higher than average of industry peers (4.0%). Announcement • Jul 18
Grameenphone Ltd. Declares Interim Cash Dividend for the Year 2024 Grameenphone Ltd. declared Interim Cash Dividend for the year 2024 at the rate of 160% of the paid-up capital of the Company which represents 98% of the Profit after Tax for the six-month period ended on 30 June 2024 (BDT 16.00 per share of BDT 10 each), out of the audited net profits of the Company for the six-month period ended 30 June 2024. Record date for entitlement of Interim Cash Dividend is August 13, 2024. Reported Earnings • Jul 18
Second quarter 2024 earnings released: EPS: ৳6.38 (vs ৳8.84 in 2Q 2023) Second quarter 2024 results: EPS: ৳6.38 (down from ৳8.84 in 2Q 2023). Revenue: ৳42.2b (up 5.6% from 2Q 2023). Net income: ৳8.61b (down 28% from 2Q 2023). Profit margin: 20% (down from 30% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Announcement • Jun 22
Grameenphone Ltd. to Report Q2, 2024 Results on Jul 16, 2024 Grameenphone Ltd. announced that they will report Q2, 2024 results on Jul 16, 2024 Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: ৳9.91 (vs ৳5.77 in 1Q 2023) First quarter 2024 results: EPS: ৳9.91 (up from ৳5.77 in 1Q 2023). Revenue: ৳39.3b (up 5.3% from 1Q 2023). Net income: ৳13.4b (up 72% from 1Q 2023). Profit margin: 34% (up from 21% in 1Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Price Target Changed • Apr 17
Price target decreased by 9.8% to ৳276 Down from ৳306, the current price target is an average from 2 analysts. New target price is 17% above last closing price of ৳236. Stock is down 18% over the past year. The company posted earnings per share of ৳24.49 last year. Announcement • Apr 10
Grameenphone Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Grameenphone Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Announcement • Apr 08
Grameenphone Ltd., Annual General Meeting, May 02, 2024 Grameenphone Ltd., Annual General Meeting, May 02, 2024, at 10:30 Bangladesh Standard Time. Agenda: To Consideration and adoption of the Directors' Report and the Audited Financial Statements of the Company for the year ended 31 December 2023 together with the Auditors' Report thereon; to Declaration of Dividend for the year ended 31 December 2023 as recommended by the Board of Directors; to Election/Re-election of Directors and Extension of tenure of Independent Director; to Appointment of Statutory Auditors and fixation of their remuneration; and to consider other matters if any. Buy Or Sell Opportunity • Mar 03
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.7% to ৳262. The fair value is estimated to be ৳349, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 6.5%. Announcement • Feb 27
Grameenphone Ltd. Elects Hakon Bruaset Kjol as Chair Grameenphone Ltd. announced that the Board of Directors has elected Mr. Hakon Bruaset Kjol as the Chair to the Board of the company with effect from February 22, 2024. Upcoming Dividend • Feb 25
Upcoming dividend of ৳12.50 per share Eligible shareholders must have bought the stock before 03 March 2024. Payment date: 02 June 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 6.6%. Within top quartile of Bangladeshi dividend payers (3.5%). Higher than average of industry peers (3.9%). Declared Dividend • Feb 08
Dividend of ৳12.50 announced Shareholders will receive a dividend of ৳12.50. Ex-date: 3rd March 2024 Payment date: 2nd June 2024 Dividend yield will be 4.4%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (41% earnings payout ratio) and cash flows (80% cash payout ratio). The dividend has increased by an average of 3.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • Feb 06
Grameenphone Ltd. Recommends Final Cash Dividend for the Year Ended December 31, 2023 Grameenphone Ltd. has recommended 125% Final Cash Dividend for the year ended December 31, 2023. Announcement • Dec 28
Grameenphone Appoints Otto Magne Risbakk as Chief Financial Officer, Effective 15 January 2024 Grameenphone has appointed Otto Magne Risbakk as its chief financial officer, effective 15 January 2024. Announcement • Dec 27
Grameenphone Names Arif Uddin as Chief Risk Officer Grameenphone has named Arif Uddin as its chief risk officer (CRO). Announcement • Dec 19
Grameenphone Ltd. to Report Q4, 2023 Results on Feb 06, 2024 Grameenphone Ltd. announced that they will report Q4, 2023 results on Feb 06, 2024 Announcement • Nov 01
Grameenphone Appoints Petter-Børre Furberg as Chairman Grameenphone has appointed Petter-Børre Furberg as its chairman, effective immediately. Furberg currently serves as head of Telenor Asia and is a member of the Telenor Group executive leadership team. With a career spanning over two decades in the telecommunications industry, Petter-Børre Furberg brings a wealth of experience and expertise to the Grameenphone Board. He is currently Head of Telenor Asia and a member of the Telenor Group Executive Leadership Team. Since joining Telenor in 1998, he has held several senior management positions in the group, including the Head of Telenor Nordics, Cluster Head for Emerging Asia and part of Telenor's Group Executive Management team. He has also held leadership roles in the Group's business operations in the Nordics and Asia. He was Chief Executive Officer in Telenor Norway, Telenor Myanmar, and Grameenphone Bangladesh, Chief Financial Officer and Chief Marketing Officer in dtac Thailand. Petter-Børre started his Telenor career in the finance department of Telenor International in Norway. Petter-Børre Furberg has previously held senior positions with the Norwegian Parliament and the Norwegian Ministry of Finance. He holds a degree in Economics and Business Administration from the Norwegian School of Economics and is also a Certified European Financial Analyst (AFA/CEFA). Grameenphone welcomes Petter-Børre Furberg as its new Chairman, confident that his extensive experience and knowledge will further strengthen and guide the company's vision to accelerate Bangladesh towards becoming a smart nation. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: ৳5.53 (vs ৳6.72 in 3Q 2022) Third quarter 2023 results: EPS: ৳5.53 (down from ৳6.72 in 3Q 2022). Revenue: ৳41.1b (up 6.3% from 3Q 2022). Net income: ৳7.47b (down 18% from 3Q 2022). Profit margin: 18% (down from 24% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 5% per year. Announcement • Sep 27
Grameenphone Ltd. to Report Q3, 2023 Results on Oct 25, 2023 Grameenphone Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023 New Risk • Jul 20
New major risk - Revenue and earnings growth Earnings have declined by 0.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.3% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (91% payout ratio). Reported Earnings • Jul 19
Second quarter 2023 earnings released: EPS: ৳8.84 (vs ৳6.82 in 2Q 2022) Second quarter 2023 results: EPS: ৳8.84 (up from ৳6.82 in 2Q 2022). Revenue: ৳40.0b (up 5.6% from 2Q 2022). Net income: ৳11.9b (up 30% from 2Q 2022). Profit margin: 30% (up from 24% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Jun 19
Grameenphone Ltd. to Report Q2, 2023 Results on Jul 18, 2023 Grameenphone Ltd. announced that they will report Q2, 2023 results on Jul 18, 2023 Reported Earnings • May 12
First quarter 2023 earnings released: EPS: ৳5.77 (vs ৳6.00 in 1Q 2022) First quarter 2023 results: EPS: ৳5.77 (down from ৳6.00 in 1Q 2022). Revenue: ৳37.3b (up 2.8% from 1Q 2022). Net income: ৳7.80b (down 3.7% from 1Q 2022). Profit margin: 21% (down from 22% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Wireless Telecom industry in Asia. Upcoming Dividend • Feb 20
Upcoming dividend of ৳9.50 per share at 6.6% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 01 June 2023. Payout ratio and cash payout ratio are on the higher end at 99% and 80% respectively. Trailing yield: 6.6%. Within top quartile of Bangladeshi dividend payers (3.9%). Higher than average of industry peers (4.6%). Reported Earnings • Feb 01
Full year 2022 earnings released: EPS: ৳22.29 (vs ৳25.28 in FY 2021) Full year 2022 results: EPS: ৳22.29 (down from ৳25.28 in FY 2021). Revenue: ৳150.4b (up 5.1% from FY 2021). Net income: ৳30.1b (down 12% from FY 2021). Profit margin: 20% (down from 24% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Jan 03
Grameenphone Ltd. to Report Q4, 2022 Results on Jan 31, 2023 Grameenphone Ltd. announced that they will report Q4, 2022 results on Jan 31, 2023 Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 8 non-independent directors. Independent Director Abdul-Muyeed Chowdhury was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: ৳6.72 (vs ৳6.34 in 3Q 2021) Third quarter 2022 results: EPS: ৳6.72 (up from ৳6.34 in 3Q 2021). Revenue: ৳38.6b (up 6.7% from 3Q 2021). Net income: ৳9.08b (up 6.1% from 3Q 2021). Profit margin: 24% (in line with 3Q 2021). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Wireless Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year. Announcement • Oct 04
Grameenphone Ltd. to Report Q3, 2022 Results on Oct 20, 2022 Grameenphone Ltd. announced that they will report Q3, 2022 results on Oct 20, 2022 Upcoming Dividend • Aug 04
Upcoming dividend of ৳12.50 per share Eligible shareholders must have bought the stock before 11 August 2022. Payment date: 17 August 2022. Payout ratio and cash payout ratio are on the higher end at 99% and 84% respectively. Trailing yield: 8.4%. Within top quartile of Bangladeshi dividend payers (3.7%). Higher than average of industry peers (4.6%). Announcement • Jul 19
Grameenphone Ltd. Recommends Interim Cash Dividend for the Year 2022 The Board of Directors of Grameenphone Ltd. has recommended interim cash dividend for the year 2022 at the rate of 125% of the paid up capital of the Company which represents 97.5% of the Profit after tax for the six months ended June 30, 2022 (BDT 12.50 per share of BDT 10.00 each), out of the audited net profits of the Company for the 6 months ended June 30, 2022. Record date: August 10, 2022. Reported Earnings • Jul 19
Second quarter 2022 earnings released: EPS: ৳6.82 (vs ৳6.30 in 2Q 2021) Second quarter 2022 results: EPS: ৳6.82 (up from ৳6.30 in 2Q 2021). Revenue: ৳37.9b (up 5.9% from 2Q 2021). Net income: ৳9.21b (up 8.2% from 2Q 2021). Profit margin: 24% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 2.8%, compared to a 5.5% growth forecast for the industry in Bangladesh. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year. Price Target Changed • May 25
Price target decreased to ৳359 Down from ৳395, the current price target is an average from 3 analysts. New target price is 19% above last closing price of ৳301. Stock is down 12% over the past year. The company posted earnings per share of ৳25.28 last year. Announcement • May 10
Grameenphone Ltd. Appoints Hans Martin Henrichsen as Chief Corporate Affairs Officer, Effective 15 May Grameenphone has appointed Hans Martin Henrichsen as its chief corporate affairs officer, effective 15 May. Henrichsen succeeds Ole Bjorn Sjulstad, who left Grameenphone on 30 June 2021. Hossain Sadat has served as Grameenphone's acting CCAO prior to Henrichsen's appointment. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: ৳6.00 (vs ৳6.60 in 1Q 2021) First quarter 2022 results: EPS: ৳6.00 (down from ৳6.60 in 1Q 2021). Revenue: ৳36.3b (up 4.4% from 1Q 2021). Net income: ৳8.10b (down 9.1% from 1Q 2021). Profit margin: 22% (down from 26% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 2.4%, compared to a 6.1% growth forecast for the industry in Bangladesh. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 8 non-independent directors. Independent Director Abdul-Muyeed Chowdhury was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 01
Grameenphone Ltd., Annual General Meeting, Apr 26, 2022 Grameenphone Ltd., Annual General Meeting, Apr 26, 2022, at 04:30 Coordinated Universal Time. Agenda: To consider and approve the adoption of the Directors' Report and the Audited Financial Statements of the Company for the year ended 31 December 2021 together with the Auditors' Report thereon; declaration of Dividend for the year ended 31 December 2021 as recommended by the Board of Directors; election/Re-election of Directors and Extension of tenure of Independent Director; and Appointment of Statutory Auditors and Corporate Governance Compliance Auditor and fixation of their remuneration. Announcement • Feb 24
Grameenphone Announces Management Changes Grameenphone has appointed Asif Naimur Rashid as its chief business officer (CBO), effective 16 April. He will replace his predecessor Kazi Mahboob Hassan. Before joining Grameenphone, Rashid served as chief information officer (CIO) at Robi Axiata. Upcoming Dividend • Feb 17
Upcoming dividend of ৳12.50 per share Eligible shareholders must have bought the stock before 24 February 2022. Payment date: 26 May 2022. Payout ratio and cash payout ratio are on the higher end at 99% and 98% respectively. Trailing yield: 7.0%. Within top quartile of Bangladeshi dividend payers (3.0%). Higher than average of industry peers (4.4%). Reported Earnings • Jan 29
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ৳25.28 (down from ৳27.54 in FY 2020). Revenue: ৳143.1b (up 2.5% from FY 2020). Net income: ৳34.1b (down 8.2% from FY 2020). Profit margin: 24% (down from 27% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 5.2%, compared to a 5.0% growth forecast for the industry in Bangladesh. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 4% per year. Announcement • Jan 28
Grameenphone Ltd. Recommends 125% Final Cash Dividend for the Year 2021 Grameenphone Ltd. has recommended 125% Final cash dividend for the year 2021. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS ৳6.34 (vs ৳6.59 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ৳36.2b (up 1.8% from 3Q 2020). Net income: ৳8.56b (down 3.8% from 3Q 2020). Profit margin: 24% (down from 25% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 03
Upcoming dividend of ৳12.50 per share Eligible shareholders must have bought the stock before 10 August 2021. Payment date: 16 August 2021. Trailing yield: 7.1%. Within top quartile of Bangladeshi dividend payers (2.7%). Higher than average of industry peers (3.9%). Reported Earnings • Jul 18
Second quarter 2021 earnings released: EPS ৳6.30 (vs ৳5.38 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ৳35.8b (up 8.1% from 2Q 2020). Net income: ৳8.51b (up 17% from 2Q 2020). Profit margin: 24% (up from 22% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS ৳6.60 (vs ৳7.92 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: ৳34.8b (down 3.7% from 1Q 2020). Net income: ৳8.91b (down 17% from 1Q 2020). Profit margin: 26% (down from 30% in 1Q 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • Feb 11
Upcoming Dividend of ৳14.50 Per Share Will be paid on the 19th of May to those who are registered shareholders by the 18th of February. The trailing yield of 7.3% is in the top quartile of Bangladeshi dividend payers (3.5%), and it is higher than industry peers (3.6%). Price Target Changed • Feb 05
Price target raised to ৳440 Up from ৳388, the current price target is an average from 2 analysts. The new target price is 15% above the current share price of ৳383. As of last close, the stock is up 47% over the past year. Reported Earnings • Jan 29
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ৳139.6b (down 2.8% from FY 2019). Net income: ৳37.2b (up 7.7% from FY 2019). Profit margin: 27% (up from 24% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Jan 29
Revenue misses expectations Revenue missed analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 9.7%, compared to a 1.8% growth forecast for the Wireless Telecom industry in Bangladesh. Announcement • Jan 21
Cyan Ag and Grameenphone Extend and Expand Partnership cyan AG and Grameenphone Ltd. have extended their partnership for at least another five years and signed a corresponding contract. The cooperation focuses on the dynamic Skitto product brand, which offers purely digital services at low tariffs and is aimed at young people, students and digital natives in Bangladesh. Grameenphone plans to double the number of Skitto's end customers by the end of 2021. In addition, the clear goal is to reach a customer base in the double-digit millions in the following years. The mobile market in Bangladesh is extremely dynamic. With a population of 164 million, Bangladesh has more mobile connections than inhabitants, at 170 million. By comparison, in 2012 the figure was 86.5 million connections. Is New 90 Day High Low • Jan 04
New 90-day high: ৳358 The company is up 10.0% from its price of ৳327 on 06 October 2020. The Bangladeshi market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Wireless Telecom industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ৳474 per share. Is New 90 Day High Low • Dec 03
New 90-day low: ৳318 The company is down 2.0% from its price of ৳323 on 03 September 2020. The Bangladeshi market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ৳391 per share. Reported Earnings • Oct 20
Third quarter earnings released Over the last 12 months the company has reported total profits of ৳36.1b, up 6.4% from the prior year. Total revenue was ৳141.0b over the last 12 months, largely unchanged from the prior year. Announcement • Oct 13
Grameenphone Ltd. to Report Q3, 2020 Results on Oct 28, 2020 Grameenphone Ltd. announced that they will report Q3, 2020 results on Oct 28, 2020 Announcement • Jul 17
Grameenphone Ltd. to Report Q2, 2020 Results on Jul 14, 2020 Grameenphone Ltd. announced that they will report Q2, 2020 results on Jul 14, 2020