Business
SLT Group reports stellar turnaround in 2024, posts Rs. 3.1 Bn profit
The SLT Group achieved a remarkable financial turnaround in 2024, recording a Profit After Tax (PAT) of Rs. 3.1 billion, a significant improvement from the Rs. 3.9 billion loss in 2023. Group revenue grew by 4.4% to Rs. 111.1 billion, with gross profit surging 19.6% to Rs. 46.1 billion. Cost optimization efforts reduced operating expenses by 4%, contributing to a 172.8% increase in operating profit.
The fourth quarter was particularly strong, with revenue rising 11.9% year-on-year to Rs. 29.1 billion and PAT reaching Rs. 2.4 billion, a 115% increase from Q3. Mobitel, the Group’s mobile segment, also saw a turnaround, posting a net profit of Rs. 0.1 billion compared to a Rs. 3.7 billion loss in 2023.
The Group’s strategic focus on operational efficiency and digital transformation has positioned it for sustained growth in 2025.