Annual Report 2012 - Dialog

2 l Dialog Axiata PLC l Annual Report 2012
Message from the Chairman
My Dear Shareholders,
It is with distinct pleasure that I write to you at the close of the financial year 2012 and report that your Company and
its subsidiaries have recorded yet another year of stellar performance. Our results for the year reflect sound execution
of our business strategies which in turn have been centered on an aggressive but calculated expansion plan on the
backdrop of meticulous diligence with respect to execution and prudent management of resources.
Despite a challenging, competitive and economic environment, your Company, as Sri Lanka’s premier mobile services
provider recorded strong revenue growth across Mobile, International, Digital Pay Television, Tele-Infrastructure and
Fixed Line businesses to record consolidated revenue of Rs. 56.35Bn for the year ending 31st December 2012,
demonstrating a significant growth of 24% YoY. Top line growth was equally reflected in terms of earnings with Group
NPAT growing 23% YoY to be recorded at Rs. 6.02Bn in FY 2012.
The Board is happy to propose for your consideration, a full year dividend of 33 cents per share, up 32% of the previous
year dividend of 25 cents per share. Prudent cash flow management coupled with robust business performance and
optimisation of cost management has facilitated this excellent business performance which has been enumerated in
more detail in the business review section of this annual report.
The Group continued to make aggressive investments in consolidating its leadership in terms of its nationwide ICT
(Information Communication Technology) infrastructure footprint, and the application of cutting edge technology across
its Mobile, Fixed and Broadband businesses. Sri Lanka’s Telecommunications Sector entered the 4G era, with the
launch of Commercial Fixed LTE Services in the city of Colombo by our fully owned subsidiary Dialog Broadband
Networks (DBN).