Sri Lanka Telecom (SLT) has released its group financial results for the year ended 31 December 2011. Its earnings release flags up a 176% annual increase in capital expenditure (CAPEX) to LKR18 billion (USD152 million), including fixed line and internet/data networks as well as its mobile subsidiary, Mobitel. Consolidated profit after tax increased by 21% to LKR4.78 billion, on total group revenue of LKR50.95 billion in 2011, up by 1% from the previous year.
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OVETEL SLT’s profits climb 21%
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