Sri Lanka, Aug. 12 -- The SLT Group announced its financial results for the first half of the year 2019 with a remarkable growth of 42% YoY in Operating Profit to reach Rs. 4.5 billion(Bn).The growth momentum was driven by better management of costs and increase of revenue by 7.9% YoY to Rs. 42.6 Bn with significant contributions from its key business portfolios of fixed and mobile broadband services, Global business, Career domestic, Enterprise intelligent business solutions, PEO TV services, National Backbone Services, and Digital Services. The Group comprises of nine subsidiaries including its mobile arm Mobitel (Pvt) Ltd. The Gross Profit was recorded at Rs. 18.8 Bn with a YoY growth of 13%.
Despite the strong competition in the market...