SLT Group ends FY 2024 with Significant Turnaround in Profitability

The SLT Group reported a massive turnaround in profitability as of December 2024, driven by strong operational performance and successful cost optimization across fixed and mobile segments, with momentum accelerating steadily during the year.

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The Group recorded a Profit after Tax (PAT) of 3.1 billion rupees for 2024, compared to a loss of 3.9 billion rupees in 2023, representing a substantial turnaround of seven billion rupees. Annual revenue for the Group in 2024 grew by 4.4 percent to 111.1 billion rupees, with Gross Profit showing robust growth of 19.6 percent to reach 46.1 billion rupees. The Group's focus on operational efficiency resulted in a four percent reduction in operating expenses to 71.2 billion rupees, contributing to a 23.7 percent improvement in EBITDA to 40 billion rupees, and a considerable 172.8 percent increase in operating profit to 11.2 billion rupees. Finance costs were also reduced by 20.5 percent to nine billion rupees, supporting the Group's outstanding turnaround.