Dialog Axiata PLC Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 16, 2024 at 05:58 pm EST
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Dialog Axiata PLC reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was LKR 43,390.49 million compared to LKR 50,948.78 million a year ago. Net income was LKR 5,266.75 million compared to net loss of LKR 8,291.31 million a year ago. Basic earnings per share from continuing operations was LKR 0.64 compared to basic loss per share from continuing operations of LKR 1.01 a year ago. Diluted earnings per share from continuing operations was LKR 0.64 compared to diluted loss per share from continuing operations of LKR 1.01 a year ago.
For the full year, the company reported sales was LKR 187,813.23 million compared to LKR 178,130.76 million a year ago. Net income was LKR 20,124.09 million compared to net loss of LKR 33,387.92 million a year ago. Basic earnings per share from continuing operations was LKR 2.44 compared to basic loss per share from continuing operations of LKR 4.06 a year ago. Diluted earnings per share from continuing operations was LKR 2.44 compared to diluted loss per share from continuing operations of LKR 4.04 a year ago.
Dialog Axiata PLC and its subsidiaries provide communication services, such as mobile, fixed, broadband, international gateway services; telecommunication infrastructure services, such as tower infrastructure and transmission services; media, such as digital television services based on multiple media- satellite, cable, terrestrial; digital services, including but not limited to digital commerce mobile and eCommerce; electronic payments, including mobile payment; digital health, education, navigation and enterprise services and financial services; software solutions, data center services, manpower services, provision of Information Technology and venture capital investment activities. It operates in three segments: mobile operation, fixed telephony and broadband operation and television operation. The Company serves various industries, including banking, finance and insurance; construction and real estate; government, agriculture and fisheries and leisure and food and beverage.