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Message: <blockquote data-quote="sherlock" data-source="post: 10851047" data-attributes="member: 106046">Dialog Telekom : hits 22% YoY increase in NPAT in 1H2011  ·      Earnings grew 22% YoY in 2H2011. DIAL revenue is up 9% YoY in 1H2011, whilst the NPAT hits a 22% YoY increase.·      2Q2011 revenue up 9% YoY alongside the 15% YoY outgoing volume growth and the 5% growth in the subscriber base. However the increase in the origination costs and the reintroduction of the interconnection charge has somewhat dampened the quarterly earnings.·      DBN and DTV achieves >100% YoY growth in EBITDA. Strategic cost rescaling measures and the increase in the subscriber base has helped the two subsidiaries to achieve multiple growth in their EBITDA.  ·      Revenue Streams Strengthening Up. On the backdrop of easing inflation and price competition we believe the MoUs to rise further in tandem with the per capita income growth allowing the company to sustain a 3 year revenue CAGR of circa 10%.·      Media business is operationally fit with a positive EBITDA and would be able to turnaround during 2011.·      In the light of increase in DIAL’s cost base we revise down our forecast 2011 earnings by 10.7% to LKR5,723.9 mn (up 13.4% YoY) and 2012 earnings by 16.7% to LKR6,283.9 mn (up 9.8% YoY).</blockquote>

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