Dialog Telekom profit after tax up 7% to Rs. 7.98 b in nine months

Dialog Telekom PLC - DT recorded a PAT of Rs. 7.98 Bn. up 7 percent relative to the nine months ended September 30, 2006.

Dialog Telekom PLC (DT) continued to deliver robust growth recording a 40 percent increase in mobile subscribers YoY and Revenue, EBIDTA and PAT growth of 24 percent, 15 percent and 7 percent. The performance at DT was delivered notwithstanding revenue mitigating externalities mainly the disruption to services in the Northern and Eastern Provinces of Sri Lanka during the first half of 2007.

Group results of Dialog Telekom PLC, post consolidation with subsidiary performance, recorded a Profit after Tax (PAT) of Rs. 7.30 Bn. for the nine months ended September 30, 2007, a drop by 3 percent relative to the nine months ended September 30, 2006, due mainly to a negative contribution of Rs. 542.56 Mn from the recently operationalised subsidiary Dialog Television (Pvt) Ltd (DTV) which had a dilutive effect on the profit growth of 7 percent delivered by the core operations of DT.

Total operating revenue increased by 24 percent to Rs. 23.03 Bn., driven by robust growth of the cellular subscriber base, which translated to the generation of enhanced call revenues. The prepaid segment continued to contribute an increasing proportion of subscriber growth.