eChannelling PLC, the largest channelling 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 [...]

Business Times

eChannelling records 15% YoY performance in 2022

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eChannelling PLC, the largest channelling 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 in a media release said it 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 financials for the year ended 31 December 2022, with total revenue of Rs. 221.5 million, a 15 per cent YoY growth, overcoming the macroeconomic conditions. Demonstrating a sustainable, profitable business, the Net Profit increased to Rs. 65.5 million, a rise of 23 per cent YoY growth for the same period.

Additionally, the company achieved growth in total assets which grew by 20 per cent to Rs. 555 million compared to Rs. 464 million, recorded the previous year.

Repositioning and diversifying with purpose, in 2022 eChannelling successfully partnered the Ministry of Foreign Affairs to offer digitised 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.

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