Entertainment

May 10, 2014 (LBO) – Sri Lanka’s Dialog Axiata, a unit of Malaysia’s Axiata group said its pay television business made profits of 132 million rupees in the March 2014 quarter up from a loss of 14 million rupees a year earlier. In 2013, revenues grew 21 percent to reach 3.6 billion rupees the firm said, but it lost 302 million rupees after a one-off write down of assets.

Separately Dialog Axiata said it had 9.3 million mobile phone subscribers by end March 2014. Television revenues rose 27 percent from a year earlier to reach 1.1 billion rupees, Dialog said in a statement. Earnings before interest and tax rose 118 percent to 260 million rupees, the firm said.

The firm had earlier said its subscribers rose 26 percent to reach 332,000 by end December 2013, no subscriber data was given for end March 2014.