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Broadband

Dialog Axiata's H1 profit plunges 45% on LKR 3 bln impact from COVID-19 crisis

Thursday 6 August 2020 | 11:41 CET | News
Dialog Axiata posted revenues of LKR 57.4 billion for the first six months of 2020, which represents a decline of 1 percent year-on-year. EBITDA also fell 1 percent to LKR 22.9 billion. The decline was mainly due to the negative effects of the COVID-19 crisis, which started unfolding in mid-March. The estimated revenue impact stemming from concessions offered to customers and other CCOVI-19 associated challenges is around LKR 2.9 billion for the first half of 2020, the company said.

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Categories: Fixed
Companies: Dialog Broadband Networks / Dialog Television
Countries: Sri Lanka
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