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Featured Reports

Sri Lanka Macro – Budget 2017 – Fiscal Consolidation Continues with a Focus on Investments – Summary
Yesterday, the Minister for Finance presented the 3rd budget of the Unity Government in Parliament. Following the presentation, the proposals will be debated until the 10th of December at which point the vote will be taken. We note that the proposals are focused on longer term development goals set within constraints of meeting the IMF...
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Dialog Axiata – 1Q CY16 – Earnings Update
DIAL came in with a strong underlying EPS of LKR 0.35 (+43.7% YoY) for 1Q CY16. We note that mobile data continued the growth trajectory leading to a Mobile segment revenue of LKR 17.8bn (+23.0% YoY). We note that in the absence of adjustments to existing indirect taxes, the imposition of VAT and NBT could...
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