High Fives!

May 9, 2006 (LBO) – Sri Lanka’s Dialog Telekom’s net profits soared 39 percent to 2.39 billion rupees for the three months to March this year, boosted by expansion in international business and booming subscriber growth. Dialog is the largest mobile operator in Sri Lanka with over 2.30 million subscribers as at 31 March 2006 (representing more than 60 per cent market share).

Dialog Telekom Limited is a subsidiary of the Telekom Malaysia Group.

– Anupa Perera Revenues rose 55 percent to 5.95 billion rupees as Dialog expanded network coverage and offered value added solution to increase usage per customer.

Sri Lanka’s biggest listed company by way of market capitalisation said that 34 percent of total revenue came from post-paid customers, 37 percent came from pre-paid and 8-percent from International Roaming revenue.

Dialog said its direct costs in the first quarter climbed 56 percent on-year to 2.07 billion rupees of this 201 million rupees was set aside to pay International Telecom levy, which was enact by the parliament in late 2004.