Dialog records robust growth in 1H, 2007

Dialog Telekom PLC - DT recorded a PAT of Rs. 5.25Bn for the first half ended June 30, 2007, up 8 percent compared to the first half of 2006. Company earnings include contributions from Mobile Business supplemented by earnings accruing from the company's International Business Operations and Internet Service Provider Operations.

Dialog Telekom PLC (DT) continued to deliver robust growth recording a 43 percent increase in mobile subscribers YoY and Revenue, EBIDTA and PAT growth of 23 percent, 17 percent and 8 percent.

The inflow of Rs 15.54 Bn via the successfully completed Rights Issue is expected to fuel further aggressive growth in infrastructure and subscribers, while serving to mitigate the funding costs incurred by the company in the first half of 2007.

The upturn in macro-economic indices in tandem with the recently concluded clearing operations in the Northern and Eastern Province of Sri Lanka are expected to assist the company in delivering enhanced growth during the second half of the year.

The performance at DT was delivered notwithstanding revenue mitigating externalities such as the mitigation of Inbound Roaming revenues due to the reduction in inbound travellers and the intermittent disruption to services in the Northern and Eastern Provinces of Sri Lanka.

Group results of Dialog Telekom PLC, post consolidation with subsidiary performance, recorded a Profit After Tax (PAT) of Rs. 4.87Bn for the first half of 2007, representing a marginal drop by 1 per cent compared to the first half of 2006, precipitated by a negative contribution of Rs 349.51 Mn from the recently operationalised subsidiary Dialog Television (Pvt) Ltd (DTV) which had a dilutive effect on the profit growth of 8 per cent delivered by the core operations of DT.