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Sri Lanka Telecom Limited (SLT) has continued its endeavour to enhance shareholder value through effective and efficient use of resources. During the quarter, the SLT group reported an after tax profit of Rs.755 million, the SLT said in a press release. Comparison of group results with the corresponding period of the previous year should be done having in mind the fact that 100% of Mobitel results are consolidated in the quarter under review.

The operating revenue of the company was Rs.6,177 million, which is a 4% increase from the same quarter of last year. Domestic call revenue increased by 17% while international call revenue decreased by 11%. Increase of domestic call revenue is due to volume and tariff increases. During this period Sri Lanka Telecom expanded its customer base by 14,808 lines.

As a result of the reduction of international call charges the international call revenues have dropped, even though the outgoing traffic volume has increased. Further, the international incoming traffic revenue has also dropped despite the increase of traffic volume, due to the reduction of International Settlement rates.

However, the revenue generated by other services such as Data oriented services and Internet services have increased by 66% compared to the previous year. While increasing the revenue, the corresponding expenses have also increased. The total operating expenditure of the quarter was Rs.2,534 million which was an increase of 15% compared to the same quarter of the previous year.

Personnel and maintenance costs have increased in line with inflation factors, the release said.

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