As SLT employers in finance section, SLT's profits going down drastically for the period of last six moths comparing to the same period 2008. In 2008 SLT gain their profits up to 3.1 billion rupees for the first six month period.
As we think this decline is due to heavy overseas and local investments and decline demand for the fixed wire line telephones. Very recently SLT invest new undersea fiber optical cable project and their own iptv called "PEO TV".
Peo TV is running with losses and expect to expand through out island dispute losses. SLT's 51% owned by Sri Lankan government.
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