Dialog Telekom, Sri Lanka’s leading mobile operator by subscribers, reports a fall of 86% in its net profits for 9 months driven by higher energy and network costs and rising inflation. The profits came down to $9.36 million in comparison to $66.38 million since last year. Overall group turnover for the period rose 9% to $249.15 million. It ended the 9 month period with a subscriber base of more than 5 million, acquiring 50% of Sri Lankan mobile market.
Source: Wireless News.