Sri Lanka’s dominant fixed line operator Sri Lanka Telecom (SLT) said on Friday that its net profits for the fourth quarter of 2005 topped LKR604 million (USD5.88 million), compared to a net loss of LKR683 million (USD6.7 million) in 4Q04, despite continued losses from its mobile subsidiary Mobitel and a levy on international calls. SLT posted net profits for the full year of LKR3.1 billion (USD30.4 million) on revenues that jumped by 10% to LKR32.5 billion (USD318 million). Mobitel, which has around 15% of the country’s mobile market, posted an annual loss of LKR1.26 billion. SLT controls 86% of Sri Lanka’s wireline market and is owned by the government (49.5%), Japan’s NTT (35.2%) and the general public (15.35%).
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