May 12, 2011 (LBO) – Sri Lankan mobile phone operator Dialog Axiata group said March 2011 net profit rose 64 percent to 1.2 billion rupees from a year ago with subscribers growing and lower losses from TV and broadband units. The profit was slightly lower than the 1.3 billion rupee net profit made in the December 2010 quarter.
Dialog said in a stock exchange filing group sales for the March 2011 quarter rose 10 percent to 10.9 billion rupees from the previous year.
Basic earnings per share for the quarter rose to 14 cents from eight cents.
Dialog Axiata’s cellular business operating profit fell to 869 million rupees from 1.4 billion rupees the previous year.
The group’s television business reduced operating losses to 28 million rupees from 126 million rupees while its fixed telecommunication service loss fell to 204 million rupees from 294 million rupees.
The group’s telecommunication infrastructure operations mad a 101 million rupees operating profit during the March 2011 quarter compared with a loss of 76 million rupees the year before.
Operating profit from the group’s international operations rose to 386 million rupees from 49 million rupees.
“Group profitability was founded on a hea