FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » SLT profit before tax reaches Rs. 2.05bn Group operating profits up by 15% to Rs. 3.36bn

SLT profit before tax reaches Rs. 2.05bn Group operating profits up by 15% to Rs. 3.36bn

Go down  Message [Page 1 of 1]

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
* Forex losses hit profits

Sri Lanka Telecom (SLT) releasing its group and company financial results for the six months ended 30th June 2012, said it recorded a Rs. 3.36 billion group operating profit, a growth of 15 percent Year on Year (YoY). Group revenue increased to Rs 27.50 billion, an increase of 11 percent YoY.

"Depreciation of the Sri Lankan rupee continued to have a significant adverse impact on Group Profit before Tax (PBT) and PAT due to US dollar exposure in the Group’s Mobile subsidiary Mobitel. With the inclusion of the translation impact of the exchange loss, PBT at Group level declined by 37 percent to Rs. 2.05 billion while Profit after Tax (PAT) declined by 56 percent to Rs.1.06 billion. However, once normalized (without exchange loss on translation) the group has reported an impressive PBT of Rs. 3.95 billion, an increase of 24 percent and PAT of Rs. 2.97 billion, a growth of 26 percent YoY," the telco said in a statement.

Nimal Welgama, Chairman of Sri Lanka Telecom (SLT) commenting on 1 H 2012 results said, "As the country’s national telecommunications service provider with an unmatched service portfolio, SLT continues to take the lead role in advancing the telecommunication industry in Sri Lanka to the next level. SLT has powered the economy by boosting the telecommunication sector over the last few decades and is poised to do so in the future with the group’s vision aligned with the national vision for an IT enabled country. At operating level, the SLT Group has delivered solid financial performance for the 1st half 2012 and I am confident that the group will deliver strong operating results for the financial year 2012."

"During the 1st half 2012, the SLT group has invested Rs 7.9 billion in strategically important areas including fixed and mobile broadband, IPTV, Mobile network expansion and in particular the i-Sri Lanka program to ensure high speed broadband connectivity for Mega Line fixed customers. These investments enhance the Group footprint and capabilities in the telecommunication market both locally and internationally," the company said.

Parent company SLT has recorded a revenue growth of 7.3 percent to reach Rs. 17.15 billion, the highest 1H revenue growth since 2006. This revenue growth has been driven by non-traditional revenue streams such as Fixed Broadband, PEOTV, Wholesale, Enterprise and International. PBT of SLT Company increased by 16 percent to Rs.2.73 billion while PAT increased by 16 percent to Rs.2.04bn. Company EBITDA margin has reduced to 32 percent from 35 percent in the corresponding period in 2011, mainly driven by increases in international telecommunication levy, energy costs, forex impact on direct and operating costs and domestic expense increases.

Mobitel, the Group’s flagship subsidiary, saw its 1H revenue grow by 12 percent to Rs.11.75 bn. EBITDA margin increased to 33 percent from 31 percent in the corresponding period in 2011, driven by the revenue growth and cost optimization initiatives. Operating profits increased to Rs. 1.42 billion, an impressive growth of 27 percent. However, exchange loss of Rs.1.99 billion on translation triggered a loss after tax of Rs. 987 million for 1H 2012. Normalized to exclude exchange loss, Mobitel profit before tax of Rs.1.27 billion and profit after tax of Rs. 1 billion increased by 45 percent and 55 percent respectively YoY.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=59131

2SLT profit before tax reaches Rs. 2.05bn Group operating profits  up by 15% to Rs. 3.36bn Empty Sri Lanka Telecom June profits down 39 pct Tue Aug 14, 2012 12:19 pm

Malika1990

Malika1990
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
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.
http://www.lbo.lk/fullstory.php?nid=502409513

3SLT profit before tax reaches Rs. 2.05bn Group operating profits  up by 15% to Rs. 3.36bn Empty Sri Lanka Telecom June profits down 39% Tue Aug 14, 2012 10:20 pm

UAEBOY

UAEBOY
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
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.

http://www.lankabusinessonline.com/fullstory.php?nid=502409513

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum