eChannelling to uplift Sri Lanka’s digital lifestyle services with exponential expansion

Q3 financial performance sets firm foundation for future growth Records a whopping 116% growth. -Year-on-Year

eChannelling PLC, the largest Channelling Network in Sri Lanka and a subsidiary of SLT-MOBITEL, is gearing towards a quantum leap with acquisitions, expansion plans, partnerships and product innovation to further uplift the nation’s digital lifestyle experience. Supporting this trajectory is eChannelling’s strong Q3 performance, forming a firm foundation for its strategic relaunch and future growth.

Creating a firm footing for the future, eChannelling recorded a revenue of Rs 47 million for the quarter ended September 30, 2021, an increase of 17% compared to the same period last year. Reported year-to-date revenues during the first nine months were an impressive Rs 134 million, a 41% increase compared to the same period in 2020.

Furthermore, net Profit After Tax was Rs 16 million, reflecting a growth of 19% over the same quarter year on year. Significantly, the Company has achieved a tremendous 116% growth in profitability amounting to Rs. 43 million in the first nine months of the financial year compared to Rs. 20 million accrued during the same period in 2020. The stellar Q3 results demonstrate eChannelling’s ability to evolve through strategic shifts, consolidate services and to proactively develop timely new revenue streams. In a year inundated with many challenges especially for the healthcare services, the company has notably risen to the task and continued to create value for all stakeholders.

Speaking about the growth and future potential of the company SLT Group Chairman Rohan Fernando said, “eChannelling PLC as a subsidiary of Mobitel Pvt Ltd is set to transform the digital ecosystem of our nation, by accelerating and enabling significant strategic shifts in digital lifestyle services through cutting edge products and superior service offerings.