Dialog Axiata PLC’s performance for the quarter ending June 2024 was disappointing, with a decline in revenue and increased overhead costs impacting the group’s operating results. The company reported a revenue of Rs. 40.9 billion for the April–June period, marking an 11.7 percent decrease compared to the same quarter last year. The drop in revenue
July ended with a market turnover of LKR 4.0 billion as indices closed in the red due to price losses in key counters such as John Keells Holdings, Sampath Bank, and Melstacorp. The total turnover crossed Rs. 3.9 billion, with notable crossings in Overseas Realty accounting for 74.0% of the turnover. Mixed interest was observed
People’s Bank and Dialog Axiata PLC have teamed up to offer exclusive discounts for People’s Bank credit cardholders, enhancing digital accessibility with substantial savings on technology and services. Starting July 26, 2024, People’s Bank credit cardholders will enjoy attractive discounts on Dialog mobile phones, accessories, Home Broadband, and Dialog Television services. This partnership aims to
Dialog Axiata PLC, Axiata Group Berhad, and Bharti Airtel Ltd. have finalized a share sale transaction, with Dialog acquiring 100% of the issued shares in Bharti Airtel Lanka Ltd. through a share swap. Following this, Axiata holds 73.75% of Dialog, Bharti Airtel owns 10.355%, and the public holds 15.895% of the shares. Dialog plans to
Dialog Axiata PLC has been recognized as the most significant Foreign Direct Investment (FDI) contributor by the Board of Investment (BOI), marking a notable achievement in its role towards the country’s economic development. This prestigious accolade, presented during the BOI’s 45th-anniversary celebrations, highlights Dialog’s substantial contributions as Sri Lanka’s largest Foreign Direct Investor, with investments