www.slt.lk - Investor Relations

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Mr.Mahesh Athukorale Asst.Company Secretary
Voice : + 94 11 2399478
E-mail:
mathukorale@slt.com.lk

Sri Lanka Telecom
Lotus Road, Colombo 1
Fax : + 94 11 2472741

Sterling performance by SLT - 18/05/2006

SLT the leading fixed line blue chip giant has recorded a Group profit before tax of Rs.2.1b during the first quarter of 2006 which is a 70% increase compared to the same quarter of the last year. The after tax group profit for the quarter was Rs.1.3b. This is a 42% increase quarter on quarter basis compared to 2005. SLT has reached this level after achieving a group turnover of Rs.9.65b, which is a 28% or Rs.2.13b increase compared to the same quarter of 2005.

Sri Lanka Telecom Ltd. has recorded a turnover of Rs.8.6b, which is a 25% or Rs.1.7b increase compared to the same quarter of 2005. This increase has been contributed from local revenue increase by Rs.1.4b or 31%, International Revenue by Rs.193m or 11% and other operating revenue by Rs.131m or 27%. Increase of local revenue is mainly attributed to Rs.1.2b CDMA new connections. CDMA business came into operations during the last quarter of 2005. All main revenue streams have increased.

The group operating expenditure of the quarter was Rs.4.2b, which is 21% or Rs.735m higher than the same quarter of previous year. The operating expenditure of Sri Lanka Telecom Ltd. was Rs.3.5b which is an increase of 15% or Rs.466m compared to the same quarter of 2005. The main reason for the increase was CDMA cost of sales.

SLT’s fully owned subsidiary Mobitel has been able to increase its turnover by 56% compared to the first quarter of 2005. The revenue items other than the revenue from sale of hand sets have increased. The increase of operating expenditure was 60% and it was mainly derived from sales and distribution expenses and currency devaluation. Depreciation of the subsidiary has increased by 43% due to additions to GSM assets base and aggressive depreciation of AMPS (Advanced Mobile Phone Service) and TDMA (Time Division Multiple Access) technologies. However AMPS and TDMA technologies have been fully depreciated by this quarter and will not be a recurring expenditure. The interest cost of the subsidiary has increased by 95% due to increase of borrowings for the GSM roll out. Due to high depreciation and interest cost the subsidiary has made a net loss of Rs.202m.

During the quarter the Group and the company have shown EBITDA margins of 57% and 59% respectively, compared to 54% and 56% respective figures of 2005. The group’s annualized Earnings Per Share (EPS) has increased from Rs.2.01 in 2005 to Rs.2.86 in 2006. The fixed line telecom giant has been able to reach the mile stone of one million fixed lines recently together with over 125,000 CDMA lines. The group expects to increase its customer bases both in Mobile and CDMA fixed lines aggressively during this year and to expand the global connectivity.

Announcement Archive

SLT has decided to acquire a 75% stake in Sky Network (pvt) Ltd - 05/12/2008

Sale of Shares held by NTT In SLT - 03/11/2008

CHANGE OF SLT DIRECTORATE - June2008 - 06/06/2008

CHANGE OF SLT DIRECTORATE - April2008 - 04/04/2008

Directors of the Board of SLT - 03/04/2008

Change of Directorate - 04/03/2008

NTT Communications sold its 35.2% to GTH - 04/01/2008

SLT Directorate - 05/08/2007

SLT posts spectacular revenue and profit growth - 02/08/2007

SLT receives the BOI status - 16/05/2007

Media Licence for IP-TV - 25/04/2007

Due deligence of the SLT group - 20/03/2007

SLT inaugurates Dhiraagu - SLT submarine cable system between Maldives and Sri Lanka - 12/12/2006

SLT Hong Kong launched - 01/12/2006

SLT announcement on the Appeal No 89/2005 in the supreme Court - 12/11/2006

SLT ANNOUNCEMENT - Supreme Court (SC) Appeal No. 89/2005 - 19/09/2006

Announcement - Tritel Services (Pvt) Ltd. - 06/09/2006

Due Diligence of eServices Lanka Ltd. - 31/08/2006

SLT join hands with Intel Corporation to popularize WiMax solutions - 09/06/2006

Sterling performance by SLT - 18/05/2006

Resumption of SLT Citylink CDMA services - 31/03/2006

SLT Hong Kong Ltd - New subsidiary of SLT - 12/01/2006

SLT Citylink, Sri Lanka Telecom’s CDMA network launched in Anuradhapura - 24/11/2005

SLT's action regarding the judgment for tariff revision 2003 - 07/11/2005

Sri Lanka Telecom is to use CDMA to broaden the horizon of rural communications - 26/10/2005

SLT enters into a strategic partnership with Microsoft Sri Lanka - 24/10/2005

SLT expands its ADSL Broadband Internet coverage - 21/10/2005

Over the phone life insurance for SLT customers - 29/09/2005

SLT’s Seminar on Breakthrough Thinking a Huge Success - 28/09/2005

SLT Organizes Seminar on Breakthrough Thinking - 14/09/2005

BSNL and SLT sign agreement to construct a submarine cable system between India and Sri Lanka - 13/09/2005

Mobitel offers a first of its kind dual IDD option to its subscribers - 12/09/2005

SLTNet keeps Small and Medium Enterprises in business - 02/09/2005

SLT first to introduce eProcurement System in Sri Lanka - 29/08/2005

SLT receives approval for CDMA deployment - 23/08/2005

Mobitel expands to 300 GSM base stations in a record 18 months - 08/08/2005

Sri Lanka Telecom Focuses on Intelligent Business Solutions - 02/08/2005

SLT's action regarding the judgment for tariff revision 2003 - 27/07/2005

SLTNet keeps Small and Medium Enterprises in business - 09/02/2005

SLT first to introduce eProcurement System in Sri Lanka - 09/02/2005

Announcement on Premier Communications International Ltd. - 20/01/2005

Damages caused by the Tsunami - 30/12/2004

SLT - US$ 100 million international bond issue - 24/11/2004

Telecom City Project - 04/10/2004

Change of Directorate - 01/10/2004

Change of Directorate - 31/08/2004

Directorate - Sri Lanka Telecom Ltd - 25/06/2004

Signing of MOU for due diligence of Lanka Bell (Pvt) Ltd. - 22/10/2003

Non Disclosure Agreement with Lanka Bell - 18/09/2003