Dialog records Rs 6 bn Net Profit for FY 2012
Dialog Axiata PLC announcing its consolidated
financial results for the year ended 2012 including those of Dialog
Axiata PLC (the “Company”) and of the Dialog Axiata Group (the
“Group”) post-consolidation with subsidiaries Dialog Broadband
Networks (Pvt) Ltd (“DBN”), and Dialog Television (Pvt) Ltd (“DTV”),
said the Group demonstrated a strong revenue growth across Mobile,
International, Digital Pay Television, Tele-infrastructure and Fixed
Line businesses to record consolidated revenue of Rs 56.3 billion
for FY 2012, translating to YoY growth of 24%. Group Revenue for Q4
2012 was recorded at Rs 15 billion, reflecting growth of 4% QoQ.
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Sri Lanka good market for Ford brand - Rosner
The conception in Sri Lanka that vehicles built
in Germany or elsewhere in Europe was superior to everything else,
was a misconception, said Thomas Rosner, Head of Dealer Operations
Automotive Management at the unveiling ceremony of the all new Ford
Ranger and the Ford Figo in Colombo recently.
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‘Lanka never in short of good and dynamic business leaders’
“With development in business sector in Sri
Lanka, the country is never in short of good and dynamic business
leaders and entrepreneurs. I believe the judges had a very hard time
to short list the nominees for this award. Judges have to choose the
best among the best entrepreneurs. I believe those who have been
short listed are also winners, said Malaysian High Commissioner in
Sri Lanka, Azmi Zainuddin, speaking at the APEA award ceremony.
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IOB to expand operations
Indian Overseas Bank Sri Lankan Unit (IOB) is
planning to invest in Sri Lankan development bonds, treasury bills
in addition to its ongoing branch expansion plan in Sri Lanka.
Established in 1945 in Sri Lanka, the bank has plans to expand its
presence in Southern and Northern areas in near future with a
substantial amount of investment.
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