Dialog sales up 25% on Suntel acquisition and growth in all divisions

Sri Lanka’s largest mobile operator Dialog Axiata has posted a 25% year-on-year rise in third-quarter revenues to LKR14.51 billion (USD111 million), on the back of a 14% increase in core mobile revenues and the new contribution of its recently acquired fixed-wireless division Suntel, which contributed LKR812 million, or 6%, of total sales. Fixed broadband division Dialog Broadband Networks reported a 163% year-on-year revenue increase to LKR1.60 billion in the three months to the end of September 2012, while Dialog’s pay-TV business grew its turnover by 30% over the same period to LKR762 million. Dialog posted a consolidated net profit of LKR4.75 billion in 3Q12, up 274% year-on-year, while quarterly group EBITDA climbed 14% to LKR4.93 billion.