Sri Lanka Telecom (SLT) said this week that its 9-month pre-tax profit to September 30 topped Rs.3.73 billion while post-tax profit rose to Rs 2.40 billion, showing a year-on-year growth rates of 105% and 108%, respectively.
Nimal Welgama |
The group which comprises the parent company, SLT and seven subsidiaries including mobile arm Mobitel, in a statement reported revenue of Rs. 37.34 billion for the 9-month period and Rs. 12.77 billion for Q3. The key performance indicators also showed marked positive trends.
SLT Group Chairman Nimal Welgama said the SLT group has built a well diversified business portfolio with strong market positions in Fixed, Mobile, International, Data and Broadband services to seize new market opportunities and capture a strong share of the underlying economic growth occurring across all sectors of the country.
“The SLT Group has clearly displayed its resilience by delivering strong performance quarter-on-quarter and on a YoY basis. Meanwhile the business transformation of the main business entity is well underway as we transform our company into a customer focused and market centric organization,” he said.
SLT significantly benefitted from the recent decision of the Telecommunication Regulatory Commission to reduce the ITL (International Telecommunication Levy).
Fixed wired line customers grew by 20,000 YoY while during the same period the Fixed wireless (CDMA) customer base fell by around 17,000, a trend underpinned by the strong customer demand for fixed broadband ADSL service.
".. in line with our strategic growth plan, the fixed broadband customer base recorded very strong growth of 40% and which is over 56,000 customers YoY, and has recently passed the milestone of 200,000 customers," the chairman said. |
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