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| Sunday, 26 February 2006 |
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Business |  |
| News Business Features Editorial
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SLT Group net profits up 139% to Rs. 3 billion Sri Lanka's fully integrated telecommunications provider, Sri Lanka Telecom (SLT) recorded an after tax profit of Rs.3 billion for the financial year 2005, an increase of 139% year on year. The Group recorded a revenue of Rs.32.5 billion, a 10% increase over the previous year, resulting in a 13% increase of operating profits before depreciation. All sectors of the Group have contributed towards this increase. Local call revenue has grown by 11% directly reflecting the increase in customer base, and international call revenue has grown by 8%. Revenues from Data oriented services, value added services and new businesses such as Telephone Directory have recorded a growth of 33% from the previous year. The increase in operating expenditure was curtailed to 7%, and therefore the Group has maintained a 52% EBITDA margin. Improved credit control processes contributed towards the curtailment of operating costs. The Earnings Per Share increased by 239% from Rs.0.72 to Rs.1.71. Sri Lanka's first ever US$ bond issue which was undertaken by the company yielded one of its expected benefits in the form of reduced interest costs as a result of retiring high interest rate long term debt. |
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| Produced by Lake House |
