SLT Group Profit Rs 3.73 b upto September

Sri Lanka Telecom (SLT) during the first nine months of 2010 has recorded a profit before tax (PBT) of Rs 3.73 billion and a Group profit after tax (PAT) of Rs 2.40 billion with YoY growth rates of 105 percent and 108 percent respectively.

A profit before tax of Rs 1.58 billion has been recorded for the third Quarter which is an exceptional growth compared to PBT of Rs 5 million recorded in the corresponding period of the previous year.

Recorded Group PAT for the third quarter is Rs 1.03 billion, a Year on Year (YoY) growth of 643 percent from a loss of Rs 189 million.

After normalization for non recurring expenses and Telecommunication Development Charge (TDC) refunds, the Group recorded a PBT of Rs 4.49 billion for the nine months which is an increase of 95 percent YoY.

The Group reported revenue of Rs 37.34 billion for the nine months and Rs 12.77 billion for the third quarter, recording a growth of 4 percent YoY for both periods.

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