Dialog Axiata PLC has posted a net profit after tax of Rs. 7.8 bn for the nine months ended 30 September 30, 2016.
The Group continued its strong growth momentum across Mobile, Digital Pay Television, Tele-infrastructure and Fixed Line businesses to record a consolidated Revenue of Rs. 21.7 Bn for Q3 2016 and Rs. 64.0 bn for the nine months ended September 30, 2016, demonstrating a robust growth of 3% Quarter on Quarter (QoQ) and 19% Year to Date (“YTD”) respectively.
On the backdrop of strong Revenue growth, Group EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) grew by 9% QoQ to be recorded at Rs 7.7 bn for Q3 2016.
Group EBITDA for the first nine months of 2016 was recorded at Rs 21.8 bn, a significant increase of 20% relative to the corresponding period in 2015 translating to an EBITDA margin of 34.1%.
Group NPAT (Net Profit After Tax) grew 24% QoQ to be recorded at Rs. 2.8 bn. NPAT for the first nine months of 2016 demonstrated a significant YTD growth of 71% to be recorded at Rs. 7.8 bn.
The Sri Lankan Rupee depreciated at a moderate 1.7% YTD resulting in a non-cash translational foreign exchange loss of Rs 0.2 bn compared to Rs 1.7 bn during the corresponding period in 2015.
The Dialog Group continued to be a significant contributor to state revenues, remitting a total of Rs 23.7 bn to the Government of Sri Lanka (GoSL) during the nine months ended September 30, 2016.
Total remittances included direct taxes and levies as well as consumption taxes collected on behalf of the GoSL. Direct taxes, fees and levies contributed by the Dialog Group totalled to Rs 8.6 Bn inclusive of income tax.
The Group additionally collected consumption taxes and levies, totalling to Rs 15.1 Bn on behalf of the GoSL for the first nine month of 2016, comprising in the main of Telecom Levy collections amounting to Rs 10.0Bn. At an entity level, Dialog Axiata PLC (the Company) featuring the Mobile, International and Tele-Infrastructure segments of the Group portfolio continued to contribute a major share of Group Revenue (84%) and Group EBITDA (87%).
Company Revenue for the nine months ended September 30,2016 was recorded at Rs. 53.9 bn, up 17% compared to the corresponding period in 2015.
Revenue for the third Quarter grew by 4% QoQ to be recorded at Rs. 18.3 bn. Company EBITDA for the quarter increased by 13% QoQ to reach Rs. 6.7 Bn on the backdrop of Revenue growth.
On an YTD basis, Company EBITDA for the first nine months of 2016 grew by 21% to be recorded at Rs18.8Bn, translating to an EBITDA margin of 34.9%. Company NPAT was recorded at Rs. 3.0 Bn for Q3 2016 and Rs. 8.4 Bn for the first nine months of 2016 respectively, representing an increase of 31% QoQ and an increase of 74% YTD. Dialog Television (DTV), the Digital Pay Television business of the Group continued its positive growth momentum, recording a Revenue growth of 7% YTD to reach Rs 4.6 Bn for the nine months ended 30th September 2016. Cost expansion arising from aggressive customer acquisition alongside service and product expansion activities, resulted in a medium term contraction of DTV EBITDA by 47% on an YTD basis to be recorded at Rs. 310 Mn.
The contraction of DTV EBITDA translated to an equivalent negative impact on NPAT leading to a Net Loss of Rs. 346 Mn for the first nine months of 2016 compared to a Net Loss of Rs. 130 Mn in the corresponding period of 2015.
Dialog Broadband Networks (DBN) featuring the Group’s Fixed Telecommunications and Broadband Business recorded Revenue of Rs. 6.8 Bn for the nine months ended 30th September 2016, representing an increase of 27% YTD.
Downstream of robust Revenue performance, DBN EBITDA for the first nine months of 2016 was recorded at Rs. 2.8 Bn, representing an increase of 34% YTD.
The Group continued its strong growth momentum across Mobile, Digital Pay Television, Tele-infrastructure and Fixed Line businesses to record a consolidated Revenue of Rs. 21.7 Bn for Q3 2016 and Rs. 64.0 bn for the nine months ended September 30, 2016, demonstrating a robust growth of 3% Quarter on Quarter (QoQ) and 19% Year to Date (“YTD”) respectively.
On the backdrop of strong Revenue growth, Group EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) grew by 9% QoQ to be recorded at Rs 7.7 bn for Q3 2016.
Group EBITDA for the first nine months of 2016 was recorded at Rs 21.8 bn, a significant increase of 20% relative to the corresponding period in 2015 translating to an EBITDA margin of 34.1%.
Group NPAT (Net Profit After Tax) grew 24% QoQ to be recorded at Rs. 2.8 bn. NPAT for the first nine months of 2016 demonstrated a significant YTD growth of 71% to be recorded at Rs. 7.8 bn.
The Sri Lankan Rupee depreciated at a moderate 1.7% YTD resulting in a non-cash translational foreign exchange loss of Rs 0.2 bn compared to Rs 1.7 bn during the corresponding period in 2015.
The Dialog Group continued to be a significant contributor to state revenues, remitting a total of Rs 23.7 bn to the Government of Sri Lanka (GoSL) during the nine months ended September 30, 2016.
Total remittances included direct taxes and levies as well as consumption taxes collected on behalf of the GoSL. Direct taxes, fees and levies contributed by the Dialog Group totalled to Rs 8.6 Bn inclusive of income tax.
The Group additionally collected consumption taxes and levies, totalling to Rs 15.1 Bn on behalf of the GoSL for the first nine month of 2016, comprising in the main of Telecom Levy collections amounting to Rs 10.0Bn. At an entity level, Dialog Axiata PLC (the Company) featuring the Mobile, International and Tele-Infrastructure segments of the Group portfolio continued to contribute a major share of Group Revenue (84%) and Group EBITDA (87%).
Company Revenue for the nine months ended September 30,2016 was recorded at Rs. 53.9 bn, up 17% compared to the corresponding period in 2015.
Revenue for the third Quarter grew by 4% QoQ to be recorded at Rs. 18.3 bn. Company EBITDA for the quarter increased by 13% QoQ to reach Rs. 6.7 Bn on the backdrop of Revenue growth.
On an YTD basis, Company EBITDA for the first nine months of 2016 grew by 21% to be recorded at Rs18.8Bn, translating to an EBITDA margin of 34.9%. Company NPAT was recorded at Rs. 3.0 Bn for Q3 2016 and Rs. 8.4 Bn for the first nine months of 2016 respectively, representing an increase of 31% QoQ and an increase of 74% YTD. Dialog Television (DTV), the Digital Pay Television business of the Group continued its positive growth momentum, recording a Revenue growth of 7% YTD to reach Rs 4.6 Bn for the nine months ended 30th September 2016. Cost expansion arising from aggressive customer acquisition alongside service and product expansion activities, resulted in a medium term contraction of DTV EBITDA by 47% on an YTD basis to be recorded at Rs. 310 Mn.
The contraction of DTV EBITDA translated to an equivalent negative impact on NPAT leading to a Net Loss of Rs. 346 Mn for the first nine months of 2016 compared to a Net Loss of Rs. 130 Mn in the corresponding period of 2015.
Dialog Broadband Networks (DBN) featuring the Group’s Fixed Telecommunications and Broadband Business recorded Revenue of Rs. 6.8 Bn for the nine months ended 30th September 2016, representing an increase of 27% YTD.
Downstream of robust Revenue performance, DBN EBITDA for the first nine months of 2016 was recorded at Rs. 2.8 Bn, representing an increase of 34% YTD.
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