Business
eChannelling leads Sri Lanka through innovative digital lifestyle pathways
Records an impressive 15% YoY performance.
Total Assets up by 20%, Net Profit increased to Rs. 65 Mn.
eChannelling PLC, the largest channelling & digital lifestyle Service provider in Sri Lanka and a subsidiary of SLT-MOBITEL, marked a landmark financial year 2022, recording a robust performance as it sets a strong foundation in its continued journey towards transforming Sri Lanka’s digital lifestyle services.
With an aim to positively impact the digital lifestyle services of Sri Lankans and the healthcare sector, eChannelling is committed to unite science, technology, and talent – clearly demonstrated by growth in revenues, forging of strategic partnerships and expanding its proficiencies that make a difference and deliver value to all shareholders.
Delivering growth through 2022 and beyond, eChannelling posted strong financials for the year ended 31 December 2022, with Total Revenue of Rs. 221.5 Mn, an impressive 15% YoY growth, overcoming the macroeconomic conditions. Demonstrating a sustainable, profitable business, the Net Profit was increased to Rs. 65.5 Mn, 23% YoY growth for the same period.
Additionally, the company achieved growth in Total Assets which grew by 20% to Rs. 555 Mn, as at 31 December 2022, compared to Rs. 464 Mn, recorded the previous year. Reflecting a challenging market environment, eChannelling’s operating profit declined to Rs. 44.5 Mn from Rs. 55.9 Mn, a 20% decrease mainly due to a 39% increase in selling and distribution expenses and a 32% increase in administration expense, as a consequence of inflationary pressures and global pandemic.
Aligned to its overall strategy, the company achieved a 13.8 % increase in short term investments and experienced growth in interest income, beneficial for its profitability and financial stability. In its efforts to further improve its offerings in digital lifestyle services, especially in the post-pandemic era, eChannelling has diversified its offerings, showcasing its ability to transform public private organisations with cutting edge digital solutions.
Repositioning and diversifying with purpose, in 2022 eChannelling successfully partnered the Ministry of Foreign Affairs to offer digitized reservations for document attestation, ensuring improved efficiency and enhanced convenience for Sri Lankans. As a pioneering initiative, the solution fills a vital need, empowering citizens and reducing complexity in obtaining services. Further, demonstrating its ability involving digital technology, eChannelling launched a new service enabling patients based locally or worldwide to consult Doctors’ online through its ‘One Touch Tele Channelling. The personalised service offers greater convenience in helping patients benefit from remote channelling and uplifting their lifestyles.
Throughout its two decades of transformational journey, eChannelling has emerged as a leader in providing highly sought-after digital lifestyle and healthcare services. The company’s success is owed to its strategic partnerships and innovative service offerings coupled with its recent expansion in digital lifestyle services, eChannelling has expanded its footprint in myriad of digital lifestyle services, setting new benchmarks and offering unparalleled customer convenience.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
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