Grameenphone

Grameenphone shares jump on profit growth

MNA Business Desk: Shares of Grameenphone, the Bangladesh unit of Norway’s Telenor, surged as much as 4.93 per cent to its highest intraday level since Jun 26 on the Dhaka Stock Exchange (DSE).

The company reported that its earnings per share or EPS increased to Tk 8 in the April-June period from Tk 5.87 a year ago, reported enws agency.

However, net operating cash flow per share—a major gauge of the company’s financial health—declined to Tk 20.3 in the January-June period from Tk 23.23 a year ago.

Grameenphone announced Tk 12.5 in cash dividends per share for the half-year that ended on Jun 30.

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