Sri Lanka Telecom PLC 2020 IR
The report highlights Sri Lanka Telecom PLC's (SLT-MOBITEL) performance and digital transformation journey during the fiscal year 2020. Despite the challenges of the COVID-19 pandemic, the Group achieved a record net profit of LKR 7.9 billion, driven by a surge in broadband revenue and successful cost management. Key milestones included the brand unification of SLT and Mobitel under 'SLT-MOBITEL', the launch of South Asia's first digital economic centre 'Helaviru', and significant investments in the SEA-ME-WE 6 submarine cable system. Additionally, the company successfully absorbed 1,800 employees from its subsidiary into permanent roles and continued its commitment to environmental sustainability as a carbon-neutral certified organization.
Company: Sri Lanka Telecom PLC
Sector: Technology & telecommunications
Country: Sri Lanka
Year: 2020
Type: IR
Pages: 234
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Sri Lanka Telecom PLC
Annual Report
The report highlights Sri Lanka Telecom PLC's (SLT-MOBITEL) performance and digital transformation journey during the fiscal year 2020. Despite the challenges of the COVID-19 pandemic, the Group achieved a record net profit of LKR 7.9 billion, driven by a surge in broadband revenue and successful cost management. Key milestones included the brand unification of SLT and Mobitel under 'SLT-MOBITEL', the launch of South Asia's first digital economic centre 'Helaviru', and significant investments in the SEA-ME-WE 6 submarine cable system. Additionally, the company successfully absorbed 1,800 employees from its subsidiary into permanent roles and continued its commitment to environmental sustainability as a carbon-neutral certified organization.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees