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SRI LANKAN TELECOM PROFITS FALL 31-PCT IN SEPT QUARTER.(Financial report)
COLOMBO, Dec 1 Asia Pulse - Profits of Sri Lankan Telecom (SLT) group, the island's largest fixed access carrier, fell 31 per cent to 1,235 million rupees (US$11.4 million) with revenues growing 4 per cent to 11,691 million in the quarter ended September 2008.
The stand alone fixed access unit, which excludes the cellular subsidiary Mobitel, saw profits fall 45 per cent to 993 million rupees, indicating that the bulk of the balance consolidated profits came from the celco, analysts said.
In the 9-months to September group profits were 4,339 million rupees, flat from 4,335 million rupees in the same period last year, interim accounts filed with the Colombo Stock Exchange showed.
Revenues for the nine months were up 10 per cent to 35 billion rupees from 31.9 billion rupees. The firm's top line was hurt by a court order which ...
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Source: HighBeam Research, SRI LANKAN TELECOM PROFITS FALL 31-PCT IN SEPT QUARTER.(Financial...