SLT committed towards cooperation with regulators
View(s):In the face of rising costs, the SLT Group has maintained its growth momentum by earning revenues of Rs. 65.04 billion for the year 2014, which is an 8 per cent increase over the previous year, officials said.
“All revenue streams – fixed, mobile and others – contributed to this increase, which was the more remarkable considering that Group operating costs, too, grew by 12 per cent over the same period,” SLT Group Chairman P.G. Kumarasinghe Sirisena has said in his annual message.
The group reported a total profit before tax of Rs. 8.25 billion, amounting to a year-on-year increase of 12 per cent. Profit after tax increased by 11 per cent to reach Rs. 6 billion.
SLT’s strategic focus remains strongly aligned to the national agenda, Mr. Sirisena has said. “We have been working assiduously over the years building capacities and capabilities to be able to fully support the national vision of bringing forth a SMART Sri Lanka. Performance of subsidiary companies will be reviews and the activities will be accelerated to meet these national goals.”
He has added that SLT’s entire ICT infrastructure programme is based on Sri Lanka’s development goals. “One of those goals is the further development of the BPO and KPO industries as contributors to the national product. SLT’s breakthrough cloud computing service, akaza, provides end-to-end enterprise services that offer corporate customers, Government departments.
SMEs and microenterprises the advantages of enhanced agility, quick service delivery and cost efficiencies while providing maximum Return on Interest and improved scalability.”
He has said that the company is fully-committed to a regime of co-operation and support towards regulators. “We are truly appreciative of the favourable regulatory environment which has enabled the realization of rapid industry growth in line with the national vision. We will continue to strengthen our relationships with all regulatory bodies, leading public institutions and the private sector in the ensuring year.”