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.
The number of Buddhist monks who were killed following the accident at the Na Uyana Theravada Buddhist Monastery (Na Uyana Aranya Senansenaya) in Pansiyagama, Melsiripura, Kurunegala currently stands at nine , with four injured, Minister of Buddhasasana, Religious and Cultural Affairs Prof. Hiniduma Sunil Senevi told Parliament this morning. He revealed that two of the injured Buddhist monks are being treated at the Intensive Care Unit (ICU
President Anura Kumara Dissanayake, addressing the 80th session of the United Nations General Assembly, said that both inequality and poverty ought to be regarded as a worldwide catastrophe that requires urgent attention.
The opposition has renewed its demand for a long delayed forensic audit into the controversial e-visa deal, following the sentencing of former Controller General of Immigration, Harsha Ilukpitiya, for contempt of court.
Mannar residents vowed to continue their protest against proposed wind power projects on the main island despite they came under attack on Friday night (26) when they tried to stop transportation of equipments following Presidential directive to go ahead with the project.
Police have launched a full scale investigation in Seenimodara, Tangalle, after finding over 200 kilograms of drugs and several firearms, along with three men dead under suspicious circumstances.
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