SRI LANKA TELECOM
HEALTHY GROWTH IN PROFITS DURING 2016
Sri Lanka Telecom’s group and holding company financial results for the year ending 2016 revealed healthy revenue growth of 8.5 percent and profits up by 28.6 percent compared to 2015. The group comprises the holding company and eight subsidiaries including Mobitel, the mobile arm. It recorded a net profit of Rs. 4.8 billion with an increase of 28.6 percent year-on-year. This growth was driven by an increase in revenue of both Fixed ICT and Mobile segments reaching a total of Rs. 73.8 billion. The decision to make continuous investments in data and broadband-related products, providing superior experience in quality and speed at competitive rates, is reflected in the revenue increase.