Sri Lankan telecoms Dialog Axiata today said its Capex (capital spending) for 2013 was Rs 28.3 billion.
Capex for FY 2013 included investments in spectrum for 4G LTE services and spectrum re-farming fees to convert spectrum of Sky TV for providing fixed 4G-LTE services. Capital expenditure for 2013 additionally included investments for mobile license and 2G spectrum renewals.
Dialog Axiata Group’s consolidated revenue rose 12 percent to Rs 63.3 billion in FY 2013. Group revenue for Q4 2013 grew 1 percent to Rs 16.3 billion.
EBITDA increased 7 percent to Rs 19.9 billion. Group EBITDA margin for FY 2013 declined 1.5 percent to 31.5 percent. Group EBITDA contracted by 12 percent q-o-q due to higher cost base including escalation of network and other operating costs.
Group net profit for FY 2013 decreased 14 percent to Rs 5.2 billion.
Group Net profit for Q4 2013 decreased 27 percent to Rs 1.1 billion.
Meanwhile, Dialog Axiata PLC featuring the mobile, international and tele-infrastructure segments of the Group, said it revenue 1 percent q-o-q on the back of its 8 million mobile subscriber base, to Rs 14.2 billion in Q4 2013. Revenue for FY 2013 rose 11 percent to Rs 55.4 billion.
Company NPAT for Q4 2013 dipped 8 percent q-o-q to Rs 1.6 billion. Company NPAT for FY 2013 declined 2 percent to Rs 6.1 billion.
Revenue of Dialog Broadband Networks (DBN), featuring fixed telecommunications and broadband business, rose 15 percent to Rs 5.8 billion in FY 2013. Revenue growth drivers include consolidation of Suntel and healthy growth in data and voice solutions revenues.
EBITDA dipped 12 percent due to high network and other costs associated with fixed LTE deployment. DBN’s net loss for FY 2013 was Rs 483 million as compared with net loss of Rs 120 million in FY 2012. Negative NPAT was due to additional depreciation charges accruing from build out of the company’s fixed 4G LTE network and the amortization of spectrum license fees associated with fixed 4G LTE spectrum assets.
