SLT-MOBITEL reports Moderate Revenue Growth in the First Half of 2024

The company remains focused on leveraging its strategic initiatives to drive future growth and sustainability. With ongoing efforts to enhance operational efficiency and cost management, SLT-MOBITEL is well-positioned to navigate the evolving market landscape and deliver long-term value to its stakeholders.

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SV LT-MOBITEL has reported moderate revenue growth for the first half of 2024, demonstrating savings through cost management initiatives.

The 1H 2024 performance establishes SLT-MOBITEL's resilience and adaptability in a challenging market environment. The moderate revenue growth and successful cost-saving initiatives have led to improvements. The Group's revenue for first half of 2024 reached 53.5 billion rupees, marking a 1.6 percent increase compared to the same period last year. Gross Profit at the Group level also increased by four percent to 20.9 billion rupees, with the gross profit margin expanding to 39.0 percent from 38.1 percent in the previous year. The moderate growth was achieved despite challenges in the market, such as customer churn and less demand for new connections.