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Sri Lanka Equity Forum » Stock Market Talk » DIALOG has to pay 1.5 billion super gain tax

DIALOG has to pay 1.5 billion super gain tax

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1DIALOG has to pay 1.5 billion super gain tax Empty DIALOG has to pay 1.5 billion super gain tax on Wed Feb 18, 2015 11:08 pm

Teller

Teller
Moderator
Moderator
DIALOG POSTS 6.1 billion Net Profit for FY 2014 and expects to pay appproximately 1.525 billion as super gain tax.
Wed, Feb 18, 2015, 16:39 Gmt

Feb 18, Colombo: Sri Lanka's premier telecommunications service provider, Dialog Axiata PLC, today announced its consolidated financial results for the year ended 31st December, 2014 of the main company and the Dialog Axiata Group post-consolidation with subsidiaries Dialog Broadband Networks and Dialog Television.

sprat


Stock Trader
mmm.. this will bring "yahapaalanaya" in the mobile industry in sri lanka.

omegaplus

omegaplus
Manager - Equity Analytics
Manager - Equity Analytics
@Teller wrote:DIALOG POSTS 6.1 billion Net Profit for FY 2014 and expects to pay appproximately 1.525 billion as super gain tax.
Wed, Feb 18, 2015, 16:39 Gmt

Feb 18, Colombo: Sri Lanka's premier telecommunications service provider, Dialog Axiata PLC, today announced its consolidated financial results for the year ended 31st December, 2014 of the main company and the Dialog Axiata Group post-consolidation with subsidiaries Dialog Broadband Networks and Dialog Television.

So thats good, thy " making profit" and paying tax.Main thing is how they going to use this tax, waste like previous government or use it wisely.

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
@omegaplus wrote:
@Teller wrote:DIALOG POSTS 6.1 billion Net Profit for FY 2014 and expects to pay appproximately 1.525 billion as super gain tax.
Wed, Feb 18, 2015, 16:39 Gmt

Feb 18, Colombo: Sri Lanka's premier telecommunications service provider, Dialog Axiata PLC, today announced its consolidated financial results for the year ended 31st December, 2014 of the main company and the Dialog Axiata Group post-consolidation with subsidiaries Dialog Broadband Networks and Dialog Television.

So thats good, thy " making profit" and paying tax.Main thing is how they going to use this tax, waste like previous government or use it wisely.
Definitely this will be used for unproductive work.

Senior Citizen

Senior Citizen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@soileconomy wrote:
@omegaplus wrote:
@Teller wrote:DIALOG POSTS 6.1 billion Net Profit for FY 2014 and expects to pay appproximately 1.525 billion as super gain tax.
Wed, Feb 18, 2015, 16:39 Gmt

Feb 18, Colombo: Sri Lanka's premier telecommunications service provider, Dialog Axiata PLC, today announced its consolidated financial results for the year ended 31st December, 2014 of the main company and the Dialog Axiata Group post-consolidation with subsidiaries Dialog Broadband Networks and Dialog Television.

So thats good, thy " making profit" and paying tax.Main thing is how they going to use this tax, waste like previous government or use it wisely.
Definitely this will be used for unproductive work.

Build 500,000 houses!

R_K

R_K
Equity Analytic
Equity Analytic
The Super Gain tax is at an SBU level & hence the total tax liability at a group level is close to a staggering 3.3b.

Teller

Teller
Moderator
Moderator
Some companies will face cash flow problems due to this tax.also possible negative cash flows in coming years too.

Spoon

Spoon
Senior Equity Analytic
Senior Equity Analytic
@Teller wrote:Some companies will face cash flow problems due to this tax.also possible negative cash flows in coming years too.

Negative cash flows in the coming years? Why? My understanding is that it's a one time tax and many of these companies, especially Dialog and Access are cash laden companies.

I may be wrong however.

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Profitable large corporations often do their business expansion plans with a view to capture a high market share in a competitive environment. It could be acquisition of business, property, new technology, human assets, sponsorship program, advertisement, & business diversification.

Unexpected super tax imposed has become a huge blow to not only to existing plans to be launched but also cash flow requirements for operational activities & future transactions already locked in.

10DIALOG has to pay 1.5 billion super gain tax Empty Re: DIALOG has to pay 1.5 billion super gain tax on Thu Feb 19, 2015 11:37 am

Nitro 7


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Well said worthiness.

It's always been a pleasure reading your posts !


@worthiness wrote:Profitable large corporations often do their business expansion plans with a view to capture a high market share in a competitive environment. It could be acquisition of business, property, new technology, human assets, sponsorship program, advertisement,  & business diversification.

Unexpected super tax imposed has become a huge blow to not only to existing plans to be launched but also cash flow requirements for operational activities & future transactions already locked in.

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