Industry Analysis

SLT-Mobitel Reports Moderate Revenue Growth and Improved Profitability in 1H 2024

SLT-Mobitel has demonstrated resilience in the first half of 2024, reporting moderate revenue growth alongside significant improvements in profitability. For 1H2024, the group’s revenue reached Rs.53.5 billion, reflecting a 1.6 percent increase from the previous year. Gross profit grew by 4.0 percent to Rs.20.9 billion, with the gross profit margin expanding to 39.0 percent. Despite

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Economics

Sri Lanka CPC Oil Imports and Sales Decline with New Market Players

Sri Lanka’s state-run Ceylon Petroleum Corporation (CPC) spent 648.7 million US dollars on oil imports in the first four months of 2024, down from 828.4 million dollars due to the entry of other market players, according to a Finance Ministry report. CPC’s turnover fell to 389.1 billion rupees by April 2024, down 16.6 percent from

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