The SLT Group has reported a Profit After Tax (PAT) of Rs.2,001 million for the first quarter ended March 31, 2025, a surge from Rs.156 million in Q1 2024, reflecting effective financial management and improved operational efficiency.
The SLT Group demonstrated strong performance for the first quarter of 2025, with revenue increasing 3.4 per cent to Rs.27,851 million. The growth was primarily driven by Mobitel's contribution of increased revenues while SLT PLC revenue remained stable, the company said in a media release.
The group's cost optimisation initiatives continued to yield positive results, with operating expenses decreasing 2.9 per cent and amounting to Rs.710 million compared to the same period last year. The reduction, combined with revenue growth, led to a 13 per cent increase in EBITDA to Rs.10,443 million.
At company level, SLT PLC reported a marginal 0.7 per cent increase in revenue of Rs.117 million compared to Q1 2024, primarily driven by growth in enterprise, small and medium enterprises (SMEs) and broadband streams.
SLT PLC’s PAT increased by 369.9 per cent to Rs.1,344 million compared to Rs.286 million in Q1 2024. The notable performance was supported by a 380 per cent surge in Profit Before Tax (PBT) to Rs.1,920 million and a 60.3 per cent increase in Operating Profit to Rs.2,538 million.
Mobitel demonstrated strong financial performance in the first quarter of 2025, reporting notable revenue growth supported by the growth of data services. Total revenue reached Rs.11.8 billion, reflecting the company’s success in capitalising on demand for digital connectivity.
PBT saw considerable growth, and the company successfully turned around its financial position, moving from a net loss in the first quarter of 2024 to a net profit of Rs.477 million in the same period of 2025.
Former State Minister Lohan Ratwatte passed away today while receiving treatment at a private hospital in Colombo, his family said. He was 57. Recently, he was admitted to hospital following an illness.
Among the top news stories reported today were the passing away of former State Minister Lohan Ratwatte, questioning of NPP Leader Wimal Weerawansa by the CID over the remarks he made about the Easter Sunday attack investigations and a protest march held in Borella calling an end to Israel’s continued bombardment of Gaza.
Read this week’s Sunday Times for your interesting articles
Two persons reportedly involved in the murder of a resident in Peradeniya following a dispute over a chocolate worth 10 cents has been remanded by the Magistrate when Peradeniya Police produced them in court.
A NPP MP has proposed that in the event of a dog bite caused by non-vaccinated domesticated pet dog, the owner of the pet should be called to pay for the treatment expenses incurred by the state run hospital.
Leave Comments