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SLT-MOBITEL, the National ICT Solutions Provider as the driving force for the future of the country’s telecom industry has unveiled the deployment of Robotic Process Automation (RPA) solutions, reinforcing its commitment towards digital transformation and optimizing operations for enterprise customers. To strengthen its customer process automation offering, SLT-MOBITEL has signed a strategic agreement with UiPath […]

Exclusive stall or Lankan food products opened Munchee biscuits and other products of Ceylon Biscuits Ltd. and merchandise from Tradlanka Agricultural Enterprises Ltd. (Arya brand) are now available for sale at the popular Spar Supermarket chain in Oman following the recent opening of a stall for exclusive sale of Lankan products under an initiative of the Economic Diplomacy initiative of the Colombo foreign office. A foreign ministry news release said the stall was stocked with food products shipped from Colombo in a 20-foot container. The opening of the new outlet, the first of its kind in ...

Will the new owners continue as a listed company? The Employees Provident Fund (EPF), the second largest shareholder of Piramal Glass Ceylon PLC (PGC), has not accepted an attractive mandatory offer of Rs. 11.86 per share made by the company’s new controlling shareholder, a unit of the mega Blackstone Group of the U.S, sources familiar with the transaction said last week. The offeror, Pristine Glass Ltd. based in India which is a unit of Blackstone, has acquired 22.2% (approx.) of the company topping up the 56.45% (approx.) of Piramal it already held before the mandatory offer, to 78.65% (a...

Sri Lanka Telecom PLC (SLT) Group released its financial results for the first quarter of 2021, with a remarkable 14.3% year-on-year growth in Profit After Tax (PAT) to Rs. 2.1 Bn. The Group revenue went up to Rs. 24.7 Bn for the period with a 11.4% year-on-year growth, strongly underpinned by the growth in revenues of FTTH, 4G LTE, mobile broadband services, PEOTV services and carrier domestic services. International voice revenue reflected a de-growth while international revenues from global transit and global data soared compared to the same period last year. The EBITDA (Earnings Before In...

SLT Group Revenue recorded at Rs. 24.7 Bn in Q1 2021, Net Profit improved by 14% May, 14, 2021 Group Revenue recorded at Rs. 24.7 Bn, 11.4% year-on-year growth Group Operating Cash Flow almost tripled to Rs. 12.2 Bn for the quarter Capital expenditure investment of Rs. 5.6 Bn for the quarter Direct and indirect taxes including levies totalling Rs. 3.7 Bn was paid to the Government of Sri Lanka (“Government”), 1Q 2021 Sri Lanka Telecom PLC (SLT) Group released its financial results for the first quarter of 2021, with a remarkable 14.3% year-on-year growth in Profit After Tax (PAT) to Rs. 2...