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Wed, 19 June 2013 17:11:39
Sri Lanka Telecom June profits down 39 pct
14 Aug, 2012 09:23:30
Aug 14, 2012 (LBO) - Sri Lanka Telecom group profits fell 39 percent to 696 million rupees in the June 2012 quarter, hit by exchange losses, through operation profits improved, interim accounts showed
The group reported earnings of 39 cents per share for the quarter. The stock traded 36.60 up 20 on Monday.

Sri Lanka Telecom is 44 percent owned by Malaysia's UT group and 49.5 percent by Sri Lanka's Treasury.

Revenues in the first six months to June rose 11 percent to 27.4 billion rupees.

Operating profit after depreciation grew 15 percent to 1.5 billion rupees.

Revenues of fixed line operations declined 4.8 percent to 7543 million rupees in the first six months ending June. Revenue from mobile telephone operations rose 8.0 percent to 9047 million rupees within this first six months compared to the same period a year earlier.

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READER COMMENT(S)
2. Kapila Aug 16
Harry you have seen half the picture. The other half is that the expenditure of one becomes the income of another.
1. Harry Aug 15
This is not a surprise to me .. if you look at the way SLT & Mobitel investments for the last one and half years you can see the amount of A&P ( advetising & Promotion ) budget wasted over non return generating media. Simply to say they spend so much money on CSN ( the channel owns by the 2nd son of president ) which will hardly deliver any ROI or incremental turnover . Simply the channel and it's activities doesn't have a fan base or a viewer base and it's money gone in drain . We have already heard the story of Srilankan airways . I'm sure we will yet to hear the same story from Sri Lanka insuarance , Lotteries board , BOC etc... These government organizations spend so much money on CSN & other non related government activities so we see the results ... this is so pathetic ...