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SLT 2013 Proft Before Tax shows a remarkable 25.9% growth

Sat10202018

Last update6:05:34 UTC 2018


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SLT 2013 Proft Before Tax shows a remarkable 25.9% growth

SLT

Profits at Sri Lanka Telecom surged 98 percent to 1.48 billion rupees in the December 2013 quarter from a year earlier, with broadband and television revenues growing, while voice weakened, the company said.

 

Sri Lanka Telecom group, during the year 2013 reported Rs.60.1Bn revenue with 5.9% growth when compared to the previous year.  

 

The growth of revenue was mainly driven by the revenue increases of SLT, the holding company and Mobitel.  Meanwhile the group has been able to manage its operational costs at Rs. 41.2Bn with a sustainable increase of 6.2% compared to the previous year. The group reported Rs.18.9Bn. Earnings Before Interest Tax Depreciation and Amortization (EBITDA) for the year 2013. Healthy revenue growth coupled with operating cost management, increased EBITDA by 5.3% when compared to the previous year.  

 

The increase in EBITDA and favorable outcome of non–operational affairs resulted in an impressive 25.9% Year on Year (YoY) growth of Group Net Profit Before Tax (NPBT) of the year under review to Rs. 7.4Bn.

 

The holding company Sri Lanka Telecom (PLC), recorded Rs. 36.8Bn revenue during the year 2013 with 5.9% growth compared to the year before.

 

Mobitel continued its growth spiral recording double digit revenue growth of 10% for the financial year 2013. For the fourth quarter of 2013 Mobitel reported revenue exceeding Rs 7 Bn which is an increase by 9% compared to the fourth quarter of 2012

 

Business


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