Dialog Group sees revenues grow, profits fall in 2007Dialog Group saw consolidated revenues grow 27 percent to LKR 32.52 billion in the year ended 31 December 2007, versus LKR 25.68 billion in 2006. EBITDA was flat at LKR 13.74 billion and profit after tax fell 11 percent to LKR 8.97 billion from LKR 10.12 billion in the year before. Mobile unit Dialog Telekom contributed well to the Group’s performance while Dialog Broadband Networks and Dialog Television are still building up their networks and services.
Mobile unit Dialog Telekom saw its subscriber base grow 37 percent year-on-year to reach 4.27 million. Revenues went up 24 percent to LKR 31.13 billion, from LKR 25.15 billion, and EBITDA rose 7 percent to LKR 14.33 billion. Dialog Telekom’s profits went up 1 percent to LKR 10.13 billion.
Dialog Broadband Networks has launched CDMA WLL fixed line, and WiMAX broadband access during 2007. The unit saw revenues go up 36 percent to LKR 1.05 billion but the unit posted a net loss of LKR 317.96 million.
Dialog Television (including subsidiaries Communiq Broadband Network and CBN Sat) posted revenues of LKR 722.45 million during 2007, its first year of post-acquisition operations. The unit posted a net loss of LKR 788.53 million.
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