Sri Lanka’s Dialog Axiata net up 15–pct in June quarter

dialog

Aug 07, 2015 (LBO) – Sri Lanka’s Dialog Axiata, which has interest in mobile, fixed telecom and pay television said group profits rose 15 percent to 1.90 billion rupees in June quarter from a year earlier.

The group reported earnings of 23 cents per share for the quarter against 20 cents recorded a year ago.

In the June quarter revenues rose 6.5 percent to 17.7 billion rupees, but expenses grew at a faster 6.9 percent to 10.0 billion rupees and gross margins grew at a slower 6.1 percent to 7.7 billion rupees.

“The 2nd Quarter of 2015 featured the impact of the industry wide introduction of a 25% Bonus on Mobile Prepaid Domestic Calls with effect from 7th April 2015.” Dialog Axiata said.

Group finance income rose over four folds to 148.7 million rupees while finance cost rose at a slower 126 percent to 274.6 million rupees.

At the core mobile operation recorded a profit of 4.8 billion rupees and fixed and broadband recorded a profit of 73.9 million rupees.

“The Company consolidated its market leading position within Sri Lanka’s mobile market to surpass the 10Mn subscriber milestone during the 2nd quarter.”

Television operation segment recorded a profit of 177.9 million rupees.

Company’s Pay TV subscriber base has grown by 37 percent against the previous year to be recorded at 534,000 as at the end of June 2015.

Group capital expenditure for the second quarter of 2015 amounted to 3.6 billion rupees.

“Capital expenditure was directed in the main towards investments in high speed broadband infrastructure to support the Group’s strategy to consolidate and grow its leadership in the Broadband space.” Dialog Axiata said.