SLT records 7.3 pc revenue growth
Sri Lanka Telecom (SLT), the pioneer telecommunication services
provider in Sri Lanka, released its group and company financial results
for the six months ending June 30, 2012 and its parent company,
recording a revenue growth of 7.3 percent to reach Rs 17.15 billion, the
highest 1H revenue growth since 2006. This revenue growth has been
driven by non-traditional revenue streams such as Fixed Broadband, PEOTV,
Wholesale, Enterprise and International.
PBT of SLT Company increased by 16 percent to Rs 2.73 billion while
PAT increased by 16 percent to Rs 2.04 billion. Company EBITDA margin
reduced to 32 percent from 35 percent in the corresponding period in
2011, mainly driven by increases in international telecommunication
levy, energy costs, forex impact on direct and operating costs and
domestic expense increases.
Mobitel, the Group’s flagship subsidiary, saw its 1H revenue grow by
12 percent to Rs 11.75 billion. EBITDA margin increased to 33 percent
from 31 percent in the corresponding period in 2011, driven by the
revenue growth and cost optimisation initiatives. Operating profits
increased to Rs 1.42 billion, an impressive growth of 27 percent.
However, exchange loss of Rs 1.99 billion on translation triggered a
loss after tax of Rs 987 million for 1H 2012.
Normalized to exclude exchange loss, Mobitel profit before tax of
Rs.1.27 billion and profit after tax of Rs 1 billion increased by 45
percent and 55 percent.
|
