Dialog first quarter profits at Rs.1.6bn

9 May 2013 05:11 am - 11     - {{hitsCtrl.values.hits}}

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Sri Lanka's leading mobile services provider, Dialog Axiata PLC has posted a net profit of Rs.1.59 billion for the first quarter of FY13 against a net loss of Rs.531 million in the same quarter of the previous year, helped by reduced financial costs and tax refunds, the interim financial accounts released to the Colombo Stock Exchange showed.

Dialog, a unit of Malaysia's Axiata group, saw its revenue rising to Rs.15.2 billion during the quarter under consideration against Rs.12.8 billion the group recorded in the corresponding quarter of the previous year, thus boosting the gross profit by over Rs.1.2 billion Year-on-Year.

The group also has been able to keep its costs at moderate levels vis-à-vis the revenue increase and the earnings per share for the three months stood at 20 cents against a loss per share of 0.07 cents in 1Q12.

The group has been able to reduce its finance cost originating from US dollar loans to Rs.210 million during the quarter against Rs.2.3 billion finance cost the group reported in 1Q12.

Dialog also received a tax refund under Telecommunication Development Charge Fund amounting to Rs.1.24 billion against zero refunds in the same quarter of the previous year.

  Comments - 11

  • vsh Thursday, 09 May 2013 08:07 AM

    any benefit for customers??????

    lankaman Thursday, 09 May 2013 11:05 AM

    profits are meant for shareholders. Not customers!!

    R.Dias Thursday, 09 May 2013 11:48 AM

    Good....but the last paragraph tells the truth..

    kawum kanna yodaya Thursday, 09 May 2013 11:55 AM

    Buy the shares and get benifited from these profits. dailog has paid a dividend of Rs 0.33 for the owners per one share. 1 share cost is arond rs 7 to rs7.2

    Koridtuwakkuarachchi Thursday, 09 May 2013 11:57 AM

    Private sector: Good service and decent profits.

    Government sector: Shoddy service and great loss for the country.

    kasi Thursday, 09 May 2013 09:49 PM

    malaysian,chinese...you take it

    pasu Thursday, 09 May 2013 03:52 PM

    can reduce i phone price?

    sobers Friday, 10 May 2013 10:47 AM

    It's all quality recruitment. The government sector is only full of Book worms!

    MayIwin Silva Friday, 10 May 2013 12:33 AM

    Convert our star points into cash and credit.

    Calistus Jayatilleke Thursday, 09 May 2013 09:57 AM

    Shows clealy what the managements of private sector can achieve as against the corrupt government controlled establishments.

    jayasinghe Monday, 13 May 2013 11:26 AM

    Hi Dialog
    Please let us know how much you received as long term tax benifits from govt.


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