News
SLT Group annual revenue surpasses Rs. 100 Bn again
Sri Lanka Telecom Group (SLT Group), the National ICT Solutions Provider, posted impressive overall growth with annual revenue surpassing Rs 100 Bn once again, recording Rs 108 Bn for the financial year 2022.
This resulted in the Group recording a revenue increase of 5.2% for the financial year 2022, strengthened by a healthy bottom line of Rs 4,765 Mn Profit after Tax, enabling the Company to deliver on commitments to stakeholders against a backdrop of unprecedented macroeconomic and industry challenges.
Results at Group level is reflective of the transformational journey commenced in 2021 with a clear focus on operational efficiency through a consolidated business structure, optimisation of facilities, and cost efficiencies through the unified brand.
SLT Group Chairman, Rohan Fernando said, “2022 was a year of economic and social distress never witnessed before in the recent past in the country. Despite the tough operating environment and the many challenges unique to our industry, I’m proud to note that we have been able to stabilize the Group performance by infusing innovations into our core business and prudent cost saving measures. At the same time, learning to navigate through this volatile market conditions have placed the group in a strong position. Like any progressive business, transformation is critical to evolve and navigate challenging market conditions, to secure business sustainability and enable a future-ready workforce. We are firm in our resolve to realise our single-minded vision of transforming from a Telco company into a Techco (technology and communication) organisation to provide state-of-the-art solutions to individual customers, corporates, investors whilst supporting the growth of the country’s vital IT sector and enable socioeconomic progress. With business resilience, strategic management decisions and the capabilities of our 10,000 strong staff, we are confident we can leverage the opportunities, that are also presenting itself in this tough operating environment.”
At Company level, SLT Q4 revenues recorded a robust growth of 19.9% to Rs 18.1 Bn compared to the same period last year and more heightened growth with year-to-date figures indicating a 13% increase to Rs 67.6 Bn as against last year. As a result, SLT company posted a strong Profit after Tax of Rs. 8,463 Mn for the financial year 2022 with a 44.3% increase compared to last year .
The key YoY revenue drivers were the increases in Carrier Domestic, Broadband and Carrier International revenue streams. Additionally, due to the devaluation of the Sri Lankan Rupee since March 2022, the company registered a substantial foreign surplus.The Group’s Operating Profit for Q4 showed a growth of 5.1% to Rs 3 Bn against the previous quarter.
Quarter on Quarter (QoQ) performance was stronger compared to last year, increasing 16% at Rs 3 Bn. But due to the impact of the weak economic and business environment throughout the financial year the operating profit for the year declined to 9.6% at Rs 12.5 Bn compared to 2021.
The Group’s Operational Cost significantly grew last year due to rupee devaluation, inflation and rising interest rates, and stood at Rs 67.7 Bn for the financial year 2022.Further some subsidiaries including Mobitel (Pvt.) Ltd., the mobile arm of the Group, that faced heavy forex losses during this period, did impact and curb the growth of the Group last year.
During the last three years, the technological and communication needs of the country have witnessed tremendous acceleration and change. The responsibility of SLT-MOBITEL, in meeting the present and future demands, has become critical now more than ever as SLT-MOBITEL is also the sole backbone service provider for uninterrupted technical and communication operations of institutions and sectors that are vital for the country. The stability and performance of the organization therefore is critical during this time and all organizational decisions are made considering this national responsibility.
News
National Communication Programme for Child Health Promotion (SBCC) has been launched. – PM
Prime Minister Dr. Harini Amarasuriya stated that the Government has commenced necessary measures to maintain preschool education under a framework, align preschool education with a unified curriculum, conduct teacher training in a systematic manner, and ensure quality standards.
The Prime Minister made these remarks on Saturday (10) at the Temple Trees, participating in the launch of the National Communication Programme for Child Health Promotion, aimed at promoting social and behavioural change (SBCC) among early childhood children. The programme is jointly organized by the Health Promotion Bureau, the Ministry of Women and Child Affairs, the Ministry of Education, Higher Education and Vocational Education, UNICEF, and the Clean Sri Lanka Programme.
Addressing at the event, Prime Minister Dr. Harini Amarasuriya stated:
“Early Childhood Development (ECD) has a major impact on a country’s human development and future progress. It is a widely accepted fact that a child’s future depends largely on early childhood development. Many aspects essential for a child’s growth occur within the first five years of life. The experiences, care, and love a child receives during this period are decisive.
The social integration, relationships, and environmental influences experienced in early childhood form the foundation for shaping an individual as an adult. Early childhood development influences life to an extent that it becomes difficult to change when it grows into adulthood.
The responses of adults to children’s actions, the way they interact with them, and the care they provide are extremely important. Therefore, early childhood development should never be viewed as the sole responsibility of parents. It is a collective responsibility of all citizens.
No child can be raised into a good citizen by parents alone. In all our lives, beyond our parents, there have been many who influenced us, showed us love, and provided care. It is due to the collective support of all these individuals that we have reached where we are today. The government views child care as a social responsibility. Supporting a child, providing care, ensuring protection, education, and health facilities are social responsibilities. In this regard, the intervention of the Clean Sri Lanka Programme to communicate these values to the public is important.
The role of the preschool teachers plays a special and vital role for children. The love, care, attentive listening, and responses children receive during this stage are decisive for their development. Teachers carry out a crucial intervention in the lives of children. An education policy on early childhood development has been formulated, with UNICEF providing technical assistance. Steps are being taken to operate preschool education under a single framework, align it with a unified curriculum, systematically conduct teacher training, and ensure quality standards.
Recognising early childhood development as a specialised area within education, the Prime Minister affirmed that the relevant interventions will be made accordingly.
Addressing the event, Minister of Women and Child Affairs, Ms. Saroja Paulraj stated that the Ministry has identified the standardisation and development of early childhood development as a primary goal for the year 2026. She noted that children who leave the warmth of their mother’s embrace and father’s shoulder and come to preschool teachers expecting the same love and care from their teachers. Conveying that warmth through words and expressions is a responsibility entrusted to teachers. The love and safe environment children receive shape their ability to love the environment and respect others.
Minister of Health and Mass Media, Nalinda Jayatissa, also addressed the gathering, stating that the goal of the government is to build a beautiful future generation capable of leading the country, free from the various hardships and challenges faced today.
He emphasised that creating a healthy population is a challenge, particularly in preventing non-communicable diseases. Children aged three to five today will become a generation aged 18 to 20 by 2040. Continuous and comprehensive programmes such as this are essential to protect that generation from non-communicable diseases. In some instances, interventions are required even during the preconception and prenatal stages.
He further highlighted that preschool and early childhood development centre teachers shoulder a tremendous responsibility in driving a major transformation in the country’s future.
The event was attended by the Governor of the Sabaragamuwa Province, Ms. Champa Janaki Rajarathne; the Governor of the Uva Province, Attorney-at-Law Kapila Jayasekara; the Governor of the North Central Province, Wasantha Jinadasa; the Governor of the North Western Province, Thissa Kumarsiri Warnasuriya; the Deputy Minister of Women and Child Affairs, Dr. Namal Sudarshana; the Member of Parliament, Dr. Najith Indika; the Representative of the United Nations Children’s Fund (UNICEF) in Sri Lanka, Ms. Emma Brigham; the Secretary to the President, Dr. Nandika Sanath Kumanayake; the Senior Additional Secretary to the President (Finance and Economic Affairs), Mr. Russell Aponsu; the Additional Secretary to the President (Clean Sri Lanka), S. P. C. Sugishwara; Secretaries to Ministries; Provincial Chief Secretaries; the Commanders of the Tri-Forces; officials of subject-related ministries; provincial council officials; preschool teachers; preschool children; and parents.

(Prime Minister’s Media Division)
News
Level I landslide early warnings issued to the Districts of Badulla, Kandy, Matale and Nuwara-Eliya extended
The Landslide Early Warning Centre of the National Building Research Organization (NBRO) has extended the landslide early warnings issued to the Districts of Badulla, Kandy, Matale and Nuwara-Eliya till 1600hrs today (11).
Accordingly, the LEVEL I YELLOW early warnings issued to the Divisional Secetaries Divisions and surrounding areas of Lunugala, Meegahakiwula,Welimada, Kandaketiya, Hali_Ela, Badulla, Uva Paranagama in the Badulla district, Minipe and Ududumbara in the Kandy district, Wilgamuwa, Ukuwela, Ambanganga Korale, Rattota and Laggala_Pallegam in the Matale district, and Nildandahinna, Walapane, Mathurata and Hanguranketha in the Nuwara-Eliya district will be in force until 1600hrs today (11)
News
Experts: NPP education reforms unsuitable for SL
Proposed education reforms have drawn sharp criticism from education professionals, teacher unions and student organisations, who warned on Thursday that the changes risk undermining child safety, widening inequality and imposing unaffordable costs on parents.
Addressing a press conference in Colombo, Dr Ayomi Irugalbandara of the Faculty of Education at the Open University of Sri Lanka said the proposed reforms appeared to be largely modelled on foreign education systems without adequate consideration of local realities.
She took particular issue with proposals to integrate social media use into the school curriculum, noting that several developed countries have moved in the opposite direction by preventing children under the age of 15 from accessing social media platforms.
“Most of these modules are not appropriate for this country,” Dr Irugalbandara said. “We warn parents that these reforms place children at risk.”
Concerns were also raised over digital content linked to the revised curriculum. Inter-University Students’ Federation Convener Madushan Chandrajith said the Grade Six Information and Communication Technology (ICT) module included QR codes that directed students to a controversial YouTube channel.
“Who will take responsibility for children accessing such content?” he asked, calling for clear accountability mechanisms for material linked through digital platforms used in schools.
Secretary of the Workers’ Struggle Centre, Duminda Nagamuwa, criticised the government’s approach to the reform process, comparing it to the fertiliser policy introduced under former President Gotabaya Rajapaksa. He alleged that the authorities were pushing ahead with education reforms despite opposition from academics, teachers and other stakeholders.
Nagamuwa also highlighted the economic burden on families, noting that Sri Lanka’s poverty rate had increased from 12.5 percent to 25 percent. He questioned how parents were expected to afford smartphones or tablet computers required for students to access QR code-linked educational content.
“The government is asking parents to bear costs they simply cannot afford,” he said.
Ceylon Teachers’ Union General Secretary Joseph Stalin said schools had already begun collecting money from parents in anticipation of the reforms, including funds to purchase smart boards.
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