Company filings and market news from across Sri Lanka's stock market.
Sri Lanka Telecom (SLTL) reported 1H 2024 group revenue of Rs. 53.5 billion, up 1.6%, and narrowed its net loss to Rs. 323 million (from Rs. 1,159 million). Group EBITDA rose 17.1% to Rs. 18.0 billion and gross margin expanded to 39.0%; Mobitel revenue grew 3.6% and acquired new spectrum in Q2.
The Indian Cultural Association will stage its 1st International Half-Marathon on Sept 1, 2024 in Colombo aiming to register over 1,400 athletes and offering Rs.1,000,000 to the winner; proceeds will fund ICA CSR initiatives and the event lists partners including Lanka IOC, Asiri Hospital and Dialog TV.
Dialog Axiata PLC reported consolidated 1H 2024 revenue of Rs82.5Bn (core revenue +2% YTD), EBITDA Rs27.1Bn and NPAT Rs1.3Bn (down 89% YTD); operating free cash flow was Rs12.5Bn and capex Rs5.0Bn. The Group completed the acquisition of Airtel Lanka and recorded a core EBITDA margin of 39.2%.
Colombo Stock Exchange closed up (All Share Index +0.08% to 11,312; S&P SL20 +0.28% to 3,233) while turnover remained low at 337 million rupees. Net foreign outflow was 5.7 million, Dialog reported weaker quarterly results, and several banks and listed stocks saw modest foreign buying/selling.
Selvern Trust produced a 10-episode tele-drama 'Sihinaya Obemai' to educate youth seeking overseas jobs; it has been broadcast on Dialog TV Channel 100 and the Sri Lanka Foreign Employment Bureau will integrate it into its 28-day training across 10 regional centres.
Dialog Axiata (Dialog Television) launched three new prepaid monthly channel plans priced at Rs. 798, Rs. 998 and Rs. 1,498 offering over 80, 90 and 105 local and international channels respectively. Customers can activate the plans via a reload or the MyDialog app.
Dialog Axiata PLC is the principal sponsor of the Sri Lanka Sports Fiesta 2024 (Aug 16–18) and will provide live broadcasts on Dialog Television, Dialog ViU and ThePapare platforms. The national event will feature over 3,000 athletes competing across seven team sports and offers free public admission.