Sri Lanka Telecom June profits down 39 pct.
Aug 14, 2012 (LBO) - Sri Lanka Telecom group profits fell 39 percent to 696 million rupees in the June 2012 quarter, hit by exchange losses, through operation profits improved, interim accounts showed The group reported earnings of 39 cents per share for the quarter. The stock traded 36.60 up 20 on Monday.
Sri Lanka Telecom is 44 percent owned by Malaysia's UT group and 49.5 percent by Sri Lanka's Treasury.
Revenues in the first six months to June rose 11 percent to 27.4 billion rupees.
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