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Tuesday, 19 February 2013


| Business Editor: 0094 11 2429221 | Fax: 0094 11 2343694 | E mail: business@dailynews.lk |

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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Minister of Economic Development Basil Rajapaksa, opened South Asia’s first underwater Aquarium at Biyagama. The Minister is seen at the aquarium.

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