Sunday, 19 May 2024 12:20

SLT-Mobitel reports marginal growth in 1Q amidst cost optimisation efforts Featured

On a positive note, SLT-Mobitel witnessed an increase in Profit after Tax when compared to the previous quarter (Q4 2023), driven by improved EBITDA and operating profit, as well as forex gains and reduced interest costs.

During the quarter, SLT-Mobitel also made substantial contributions to the Government through taxes, levies, and dividends, demonstrating its commitment to supporting the nation’s economic development.

Looking ahead, SLT-Mobitel said it is confident in the long-term growth prospects of the Sri Lankan economy and the business with the significant investments made, particularly in the SEA-ME-WE 6 (South East Asia-Middle East-Western Europe) undersea cable system.

The SEA-ME-WE 6 undersea cable system is expected to provide SLT-Mobitel with increased international bandwidth capacity and improved connectivity, further strengthening the company’s position in the telecommunication industry

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