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Message: <blockquote data-quote="Y2K" data-source="post: 7926163" data-attributes="member: 35049">Sri Lanka Dialog Telekom returns to profitability May 10, 2010 (LBO) – Sri Lanka's Dialog Telekom group made a profit of 705 million rupees in the March 2010 quarter from its core celco operations, after a loss of 1.86 billion a year ago, but subsidiaries continued to lose money, its accounts showed.In the March quarter the group's core cellular business made a profit of 820.3 million rupees compared with a 929 million loss in the corresponding quarter last year. Dialog Telekom group had earnings of eight cents per share in the March 2010 quarter compared with a loss of 29 cents per share a year ago. The group has been making losses in recent quarters owing to higher costs and steep tariff cuts brought on by stiff competition. Group unit Dialog Television (DTV) made 83.6 million rupee loss in the March quarter, down 69 percent from 2009, while its broadband subsidiary also made a loss[/align]. The group's global business profits were up almost 11 percent to 64.8 million rupees. Dialog Telekom, Sri Lanka's largest celco, is a unit of Malaysia's Axiata group. Dialog's March quarter group revenues rose 10.1 percent to 9.8 billion rupees, while at standalone company level revenues rose 15.3 percent to 8.47 billion rupees, its accounts showed.</blockquote>

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