Dialog revenue increases 2% q-o-q, 6% in YTD

12 Nov 2014

Sri Lanka’s largest mobile provider by subscribers Dialog Axiata recorded consolidated revenue of LKR17 billion (USD129.7 million) in 3Q14, up 2% from the previous quarter, while the nine months ending 30 September saw revenue of LKR50 billion, representing a 6% increase in the year-to-date (YTD). EBITDA rose 4% quarter-on-quarter (q-o-q) to LKR5.5 billion and 1% in the YTD to LKR15.4 billion. Dialog Axiata PLC (the ‘company’ as opposed to the ‘group’ – featuring the mobile, international and tele-infrastructure sectors) contributed 85% of the total revenue (LKR14.7 billion), with growth of 2% compared to the previous quarter, while its YTD revenue was recorded at LKR43.3 billion, up 5% y-o-y thanks to a continued increase in mobile subscriptions. The operator’s pay-TV unit, Dialog Television, recorded growth in revenue of 29% to LKR3.4 billion in the YTD with subscriptions rising by 36% y-o-y to reach 410,000 at end-3Q14. Dialog Broadband Networks (DBN) suffered net loss of LKR924 million for the YTD – attributed to an increase in depreciation due to fixed 4G Long Term Evolution (LTE) investments – in comparison to net loss of LKR280 million in the corresponding period for 2013. CAPEX for the quarter was LKR4 billion, largely from investments into high speed broadband infrastructure.

Sri Lanka, Dialog Axiata