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Dialog Group revenue up

Dialog Telekom PLC recorded a mobile subscriber base of 4.8 million customers as at the end of Q2 2008, representing 31 per cent growth Year on Year (YoY). Revenue growth over the same period was however relatively modest at six per cent.

CEO. Dr. Hans Wijayasuriya

Company announced in an overview of its Financial Performance for the six months ended June 30.

Revenue growth was mitigated in the main due to tariff reductions and other affordability enhancement strategies adopted by the company during Q4 2007 on the backdrop of suppressed price-usage elasticity levels arising from inflation related pressures on consumer spending power.

Downstream of revenue performance, cost expansion driven in the main by general inflation, energy derived costs and expansion of the company’s network infrastructure, with associated increases in Network related costs and Depreciation has resulted in negative growth of 29 per cent at EBITDA level and a reduction in PAT by 59 per cent on a YoY basis.

For the six months ended June 30, Group Revenue increased by 13 per cent to Rs.18.27 Billion.

Earnings before interest, tax, depreciation and amortisation (EBITDA) was recorded at Rs. 5.33 Bn for the six months ended 30 June 2008 representing a decline of 26 per cent relative to the figure of Rs.7.24 Bn recorded for the six months ended June 30, 2007.

DT Group recorded a Profit after Tax (PAT) of Rs. 1.64 Bn. representing a negative growth of 66 per cent relative to the six months ended June 30, 2007.

The fixed line service operated by Dialog Broadband Networks (DBN) achieved a subscriber base of 112,730 (56% growth on immediate QoQ basis) fuelling revenue growth of 181 per cent compared to the first half of 2007.

Total operating revenue increased by six per cent to Rs.16.57 Billion, driven by robust growth of the cellular subscriber base.

The prepaid segment continued to contribute an increasing proportion of subscriber growth. Other factors driving revenue growth included the growth in coverage and increased international traffic and associated revenues accruing from the Company’s International Business Operation.

Domestic revenues, which consist in the main of pre-paid and post-paid mobile revenues, remained the dominant constituent of company revenue and accounted for approximately 81 per cent of total revenue for the six months ended June 30.

The major components of total revenue are pre-paid revenue, post-paid revenue, international termination revenue and inbound roaming.


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