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.
This story is from the December 2024 edition of Business Today Sri Lanka.
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This story is from the December 2024 edition of Business Today Sri Lanka.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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