ECONOMYNEXT \u2014 Sri Lanka telecommunications giant Dialog Axiata PLC recorded a group net profit of Rs. 9.24 billion for the quarter ended September 30, surging 62.4 percent from Rs. 5.69 billion in the same quarter last year, interim accounts showed.<\/p>\n
Basic earnings per share rose to Rs. 1.00 for the September quarter, up from Rs. 0.62 a year earlier.<\/p>\n
Quarterly revenue grew 6.2 percent to Rs. 48.54 billion from Rs. 45.69 billion, supported by continued expansion in data and home broadband demand.<\/p>\n
Direct costs fell 4.7 percent to Rs. 20.21 billion from Rs. 21.21 billion on cost efficiencies, lifting gross profit by 15.7 percent to Rs. 28.33 billion.<\/p>\n
While administrative expenses rose 13.5 percent to Rs. 9.63 billion and distribution costs edged up 1.3 percent to Rs. 4.98 billion, net impairment losses on financial assets dropped 61.8 percent to Rs. 270.8 million on improved credit collections.<\/p>\n
Operating profit jumped 27.9 percent to Rs. 13.47 billion from Rs. 10.53 billion.<\/p>\n
Finance costs plunged 42.0 percent to Rs. 1.91 billion from Rs. 3.29 billion, aided by active balance sheet deleveraging that trimmed total group borrowings to Rs. 64.11 billion by September 30 from Rs. 76.49 billion at end-2025, alongside lower domestic interest rates.<\/p>\n
Although net foreign exchange losses widened 132.8 percent to Rs. 917.7 million from Rs. 394.1 million, overall net finance costs fell 25.5 percent to Rs. 2.64 billion.<\/p>\n
Pre-tax profit climbed 54.9 percent to Rs. 10.84 billion, while income tax expense rose 22.2 percent to Rs. 1.59 billion.<\/p>\n
Total assets stood at Rs. 287.17 billion as of September 30, with net asset value per share at Rs. 9.99. Contracted capital expenditure commitments jumped to Rs. 15.71 billion from Rs. 6.30 billion at end-2025.<\/p>\n
On September 30, the group amalgamated five subsidiaries\u2014including Digital Commerce Lanka and Dialog Device Trading\u2014into Digital Holdings Lanka, and merged My Health Solutions into Digital Health under a legal entity simplification drive.<\/p>\n
In October, Dialog sold a 20 percent stake in Digital Health to Sunshine Healthcare Lanka and Nawaloka Hospitals for Rs. 374.9 million, reducing its holding to 44.05 percent and reclassifying it as an associate.<\/p>\n
The board proposed an interim dividend of Rs. 0.70 per share.<\/p>\n
Dialog shares closed at 45.80 rupees at the end of September and were trading around 49.70 rupees today. \u00a0(Colombo\/Nov11\/2026)<\/p>","protected":false},"excerpt":{"rendered":"
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