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Sri Lanka Equity Forum » Stock Market Talk » Sri Lanka Dialog Axiata net profits up 21-pct in June quarter

Sri Lanka Dialog Axiata net profits up 21-pct in June quarter

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Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Profits at Dialog Axiata Plc, a wireless mobile and fixed operator grew 21 percent from a year earlier to 2.8 billion rupees from a year earlier, helped by higher mobile and broad band revenues, despite currency depreciation.
The group reported earnings of 35 cents per share for the quarter. For the six months to June Dialog reported earnings of 70 cents per share on total profits that grew 46 percent to 5.7 billion rupees.
Dialog shares closed at 14.20 rupees on Wednesday.
Gross profits for the June quarter grew 17 percent to 12.8 billion rupees, with revenues growing 15.6 percent to 26.6 billion rupees and direct costs growing at a slower 13.8 percent to 13.7 billion rupees.

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