The national telecommunications company, Dhiraagu, has recorded USD41 million in revenue in the third quarter of 2022. The amount is a 1.3% increase compared to the USD40 million generated as revenue in the second quarter of 2022, according to the financial report published by Dhiraagu.
As per the Quarterly Financial Report, Dhiraagu generated revenue from two main areas, which are mobile revenues and fixed line, broadband internet, and enterprise businesses. Dhiraagu recorded a revenue of USD20,536 from mobile services in the third quarter compared to USD20 million in revenue during the second quarter of 2022. The revenue from fixed broadband services also improved in the third quarter. Fixed broadband services recorded a revenue of USD18.8 million in the third quarter compared to USD18.7 million in revenue during the second quarter, according to the report.
Meanwhile, the operating expenses of Dhiraagu stood at USD18 million in the third quarter. The company also recorded a profit of USD13 million after tax which is a 7% decrease compared to the USD14 million in the second quarter. The decline in profit was due to higher revenue from additional sources in the second quarter.