Sri Lankaâ€™s eChannelling March net profit down 15-pct
ECONOMYNEXT – eChannelling, an online medical appointment business that was Sri Lanka’s first listed dotcom, said net profit fell 15 percent to 7.9 million rupees in the March 2019 quarter from a year ago.
Quarterly earnings per share were six cents, down from eight cents the previous year, interim accounts showed. The share was trading unchanged at 3.50 rupees Wednesday.
Sales growth of the firm, controlled by mobile phone firm Mobitel, a unit of Sri Lanka Telecom, was flat at 35 million rupees in the March 2019 quarter compared with the previous year.
The company, controlled by mobile phone firm Mobitel, a unit of Sri Lanka Telecom, has also added more hospitals to its online service.
eChannelling, which has added more hospitals to its network, is facing competition in its online medical appointment business, from Doc.lk, a firm set up by Dialog, Sri Lanka’s largest mobile firm, and Asiri Healthcare group.
(COLOMBO, 15 May 2019)