Aug 10, 2009 (LBO) – Profits of Sri Lanka Telecom group, fell 75 percent to 375 million in the June 2009 quarter, while revenues stayed flat at 11.74 billion rupees, with growth in data and mobile sectors, the company said. Operating costs rose 26 percent to 7.39 billion rupees, partly on account of Mobitel network expansion, the company said.
SLT chairperson Leisha de Silva Chandrasena said the results came amid “an adverse economic scenario and critical financial conditions” worldwide.
In the six months to June, wireline revenues had dropped 18 percent to 6.46 billion rupees, and wireless fixed access revenues had fallen 12 percent to 2.42 billion rupees.
The company said it had 871,114 wireline customers by June 2009.
SLT said it owned the country’s largest fixed wireless network, and it was pushing services in rural areas, but customers were “very price sensitive” due to “increased switching power between operators.”
International revenue had fallen 10 percent to 4.1 billion rupees, with the availability of services like Skype.
Data revenues had grown 15 percent to 3.2 billion rupees in the six months to June. SLT said it had 120,000 broadband ADSL (asymmetric digital subscriber lines)