SLT Group builds on positives in Q3; poised for robust end of year results in 2021

SLT-MOBITEL, achieved a 49.2% year-on-year growth of Profit After Tax (PAT) in Q3 2021, posting Rs. 3.2 Bn in PAT, reiterating consumer confidence in the National ICT Solutions Provider. The commitment to cost consolidation across verticals combined with the group-wide undertaking to minimise waste, convert waste to cash and manage OPEX costs, resulted in savings over the year and is reflected in the year-on-year bottom-line and continued dividend payments.

SLT Group Revenue for Q3 2021 grew by 15.6% compared to the same quarter of the previous year to Rs. 26.7 Bn. The EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) of the Group stood at Rs. 10.8 Bn. reflecting a 25.7% year-on-year growth and the EBITDA margin improved to 40.4% compared to 37.1% in Q3 2020.

Topline for the first 9 months of 2021 was Rs. 76.6 Bn, a 14% increase compared to the same period in 2020. This achievement was made possible due to a customer centric marketing strategy, with demand coming in for Fibre connectivity for residential and corporate customers together with the demand for PEO TV and mobile services. The heightened demand resulted in a Profit After Tax (PAT) of Rs. 9.2 Bn, which is a 36.1% increase compared to the same period last year.