Telenor Group’s subsidiary in Bangladesh, Grameenphone, has today announced its results for the first quarter 2019. Telenor’s consolidated figures in NOK million are as follows:
Q119 Q118
Revenues 3,570 2,952
EBITDA before other items 2,162 1,695
EBITDA 2,109 1,696
Operating profit 1,581 1,110
CAPEX excl. spectrum licences 425 361
Subscription and traffic revenues in local currency increased by 14%. The EBITDA margin was 61%.During the quarter the number of subscriptions increased by 1.321 million to 74.053 million.
According to the new accounting standard IFRS 16, the figures in NOK million for the first quarter 2019 are as follows:
Q119
Revenues 3,570
EBITDA before other items 2,246
Operating profit 1,605