Nov 16, 2009 (LBO) – Sri Lanka Telecom group, the island’s larges fixed access provider which also owns Mobitel a celco, said it lost 186 million rupees in the September 2009 quarter against a profit of 1,235 million rupees a year earlier. In the 9-months to September the group had spend 13.2 billion rupees in capital investments, up from 8.3 billion a year earlier. Group revenues rose 5.0 percent in the quarter to 12.3 billion rupees. Depreciation costs rose to 2.7 billion rupees from 2.5 billion and the quarter also saw a 480 million rupee charge for a voluntary retirement scheme.
At company level revenue had dropped 3.0 percent to 8.6 billion rupees, and it made a profit of 298 million rupees, down from 993 million a year earlier, according to accounts filed with Colombo Stock Exchange.
SLT said it had invested 600 million rupees 14.0 percent ‘ordinary shares’ during the reporting period.