Sri Lanka Telecom (SLT) has posted a 49% year-on-year rise in second-quarter net profit to LKR1.14 billion (USD10.4 million), on revenues that increased by 1% in the same period. The group’s results for April-June 2011 included a LKR150 million refund of Telecommunication Development Charge. SLT’s mobile division Mobitel recorded a net profit rise of 44% y-o-y to LKR778 million. A statement from the group added that ‘the favourable macroeconomic climate had a positive impact on interest rates, and currency rates too resulting as a contributory factor in significant growth in profit.’
Have feedback, corrections, or story ideas? Send them to email@example.com.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors