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http://www.vilanguwa.info/2015/11/kuliyapitiya-school-boys-gossiplankadeepahirunewsfistnethfmasianmirrorsrilankaasianmirror.html
19 November 2015

Owing largely to the above mentioned provisions for translations losses, the group profit before tax and profit after tax have dipped by 18% and 19% to Rs. 5.4 bn and Rs. 4.1 bn respectively. Holding Company Sri Lanka Telecom alone has reported Rs. 30.2 bn revenue during the 1st nine months of 2015, with a year on year growth of 5%. Accelerated i-Sri-Lanka program providing highspeed broadband, voice and IPTV Connectivity Island wide, coupled with other large investments in capacity building and introducing new technologies such as LTE and FTTH, have driven the revenue growth. The operating costs of the Company for the 1st nine months of 2015 was managed at an Media release P a g e | 2 acceptable level of 2% increase year on year while the Company EBITDA by 13% to Rs. 8.2 bn. EBITDA margin has improved to 27.3% from 25.3% of the same period of last year. As explained above the impact of losses from foreign currency translations have largely impacted dipped the bottom lines of the Company financial performance. Accordingly Company Profit Before Tax and Profit After Tax have ended at 27% and 29% during the nine months ending in September 2015, compared to the same period of year before to Rs. 2.2 bn and Rs. 1.4 bn respectively. Group Chief Executive officer Mr. Dileepa Wijesundera looking at the group future through present performance stated that the initiatives taken across the group to accelerate the capacity building projects while minimizing the time taken for market offerings will boost the group performance in every aspect. Results for the 1st nine months of 2015 is evident of this phenomenon, he said.

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