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May 15, 2013 (LBO) - Profits at Sri Lanka Telecom group the island's sole wireline operator which also has mobile services rose 226 percent to 1.

6 billion rupees recovering from forex losses suffered last year.






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The group reported earnings of 89 cents per share.

Revenues rose 5 percent to 14.4 billion rupees in the quarter and operating costs rose at a faster 12 percent to 9.

8 billion rupees slowing profits before depreciation amortization 6 percent to 4.6 billion rupees.

At standalone company level, which contains the core wireline revenues grew 1 percent to 8.

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7 billion rupees.

Interest expenses fell 10 percent to 209 million rupees and SLT showed a forex gain of 39 million rupees against a loss of 1.

4 billion rupees last year.

In the first quarter of 2012, the rupee depreciated sharply generating losses in foreign exchange denominated loans.