Tele Biz

Nov 01, 2012 (LBO) - Dialog Television, a direct-to-home pay television service run by the Sri Lanka's unit of Malaysia's Axiata group said subscribers rose 50,000 over the past year to top 250,000 by end September 2012. Revenues had grown 29 percent to 2.2 billion rupees for the nine months ending September 2012, and earnings before interest, tax, depreciation and amortization grew 32 percent to 498 million rupees, the firm said in a statement.

Dialog Television had lost 13 million rupees during the September quarter, which the firm said was due to the costs of launching a high definition services.

But during the nine months to September it had made after tax profits of 96 million rupees against a loss of 23 million rupees a year earlier.