At the company level, Sri Lanka Telecom (SLT) also recorded a positive PAT of 932 million rupees for Q3 2024 compared to a 651 million rupees loss last year, indicating a successful transition from loss to profit.
The Group has announced consolidated revenues for the quarter at 28.5 billion rupees, a three percent increase from 27.7 billion rupees in the previous year.
Gross Profit showed a marked increase at 12.3 billion rupees, a 24.8 percent increase compared to 9.9 billion rupees. The rise has been driven primarily by cost savings through successful initiatives implemented across the Group.
The Group's EBITDA showed strong growth, reaching 10.5 billion rupees during Q3 2024, an increase of 30.6 percent compared to eight billion rupees in the previous year. In addition, operating profit showed a marked increase of 3.6 billion rupees, a massive growth of 551 percent compared to 549 million rupees last year.
Denne historien er fra December 2024-utgaven av Business Today Sri Lanka.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 2024-utgaven av Business Today Sri Lanka.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Argentina Rebounds: Record USD 888M Trade Surplus Marks Economic Turnaround
In October 2024, Argentina recorded a remarkable trade surplus of USD 888 million, marking a significant recovery from the USD 442 million trade deficit in October 2023. This shift in trade dynamics underscores Argentina's economic resilience and the effectiveness of recent policy measures aimed at bolstering exports and managing imports.
Global Logistics Costs to Grow by 12 percent and hit USD 14.4 Trillion by 2029
AIthough companies actively work to reduce logistics costs, they remain a significant expense on their income statements. In 2024, businesses across the globe collectively spent USD 12.8 trillion on logistics, USD 330 billion more than last year, and this massive figure will become even bigger in the next five years.
Heart To Heart Trust Fund: Saving Lives for a Decade
As the Heart To Heart Trust Fund celebrates a decade of transforming lives, it remains a testament to the power of community, compassion, and unwavering dedication.
Driving Sustainable Finance: The Partnership Between the IMF, the World Bank, and Bloomberg Philanthropies
In an era where sustainable development is no longer a choice but a necessity, the International Monetary Fund (IMF) and the World Bank are pioneering a new path in global finance. With the support of Bloomberg Philanthropies, their joint efforts are not just transforming economies but reshaping how the world views sustainable growth. As IMF Managing Director Kristalina Georgieva succinctly put it, \"This is how we do it\" a bold declaration of leadership and action in the face of unprecedented global challenges.
Trump Victory fuels 40 percent Surge in Dogecoin Millionaires
Following Donald Trump's 2024 presidential victory, Dogecoin (DOGE) experienced a significant boost, both in price and in the number of millionaire wallets.
President Dissanayake Urges IMF to Strike a Balance in Economic Recovery Program
The Government of President Anura Kumara Dissanayake reaffirmed its readiness to collaborate with the International Monetary Fund (IMF) to advance Sri Lanka's economic recovery within the context of the mandate. Peter Breuer, Senior Mission Chief and the IMF delegation met with President Dissanayake and key ministers of the newly-formed government at the Presidential Secretariat, to discuss the next steps in the IMF program.
Historic Donald Trump Comeback Creates Over 11,000 new Bitcoin Millionaires
While Bitcoin (BTC) attempted a breakout already as Americans were casting their ballots, the true rally came once President-Elect Donald Trump's lead in the electoral college started becoming overwhelming.
Responsibility at the Heart of Power: President Dissanayake's Call to Action for Ministers
The Weight of Responsibility - President Dissanayake highlighted the importance of wielding the immense power granted to ministers with responsibility. He reminded the new Cabinet Ministers that their victory marks the beginning of a collective journey toward uplifting the nation.
BOC PBT is up by 66 percent in Third Quarter of 2024
In the first nine months of 2024, the Bank of Ceylon skillfully navigated Sri Lanka's complex economic terrain. The Bank achieved a remarkable Profit Before Tax (PBT) of 37.6 billion rupees, a substantial 66 percent increase over the same period in the previous year. This exceptional performance highlights the Bank's resilience and adaptability in the face of volatile market conditions and numerous challenges.
Top Trends Tourists Prioritize when Selecting a Destination
The tourism industry has experienced a fundamental shift in recent years, largely influenced by changing traveler preferences and new insights from Online Travel Agencies (OTAs), the World Tourism Organization (WTO), and digital channel managers. As destinations and providers look to cater to these evolving demands, understanding the primary trends is essential for tapping into the modern traveler mindset.
