Interim Financial Statements |
For the period ended |
31st March 2025 |
Quarter Ended 31st March | |
Un-Audited | Audited |
2025 | 2024 |
LKR | LKR |
66,921,959 | 64,979,347 |
(15,529,541) | (14,449,487) |
51,392,418 | 50,529,860 |
45,479 | 87,944 |
(35,759,065) | (39,677,177) |
(6,605,897) | (2,101,487) |
9,072,935 | 8,839,139 |
6,977,183 | 7,074,477 |
(136,972) | (291,657) |
6,840,211 | 6,782,820 |
15,913,146 | 15,621,959 |
(4,536,621) | (5,213,339) |
11,376,525 | 10,408,620 |
(298,602) | 122,440 |
(10,100) | |
3,030 | |
(298,602) | 115,370 |
11,077,923 | 10,523,990 |
0.09 | 0.09 |
- | - |
For the period ended 31.03.2025
Revenue
Cost of Sales/Direct Cost
Gross ProfitNet Other Operating Income Administrative Expenses Marketing & Distribution Expenses Profit From Operations
Finance Income Finance Expenses
Net Finance (Expenses) / Income Profit Before TaxationIncome Tax Expenses
Profit for the Period Other Comprehensive IncomeEquity Investment at FVOCI-net change in Fair Value Re-measurement of defined benefit liability
Related tax
Other Comprehensive Income for the Period, net of tax Total Comprehensive Income for the Period Earnings Per Share Dividends Per ShareThe notes to the Financial Statements form an integral part of these Financial Statements.
Figures in brackets indicate deductions.
eChannelling PLC |
STATEMENT OF FINANCIAL POSITION |
As at 31st March 2025 |
31.03.2025 | 31.12.2024 |
LKR | LKR |
Un-audited | Audited |
3,029,200 | 3,381,121 |
736,188 | 1,150,672 |
4,008,300 | 5,344,398 |
9,274,578 | 9,153,823 |
3,057,127 | 3,355,729 |
20,105,393 | 22,385,743 |
288,465 | 288,465 |
244,339,817 | 246,709,085 |
80,766,251 | 82,482,357 |
329,301,591 | 324,895,734 |
8,938,448 | 31,672,517 |
663,634,572 | 686,048,158 |
683,739,965 | 708,433,901 |
93,758,316 | 93,758,316 |
391,343,944 | 379,967,419 |
1,486,844 | 1,785,443 |
486,589,104 | 475,511,178 |
11,140,351 | 11,727,310 |
11,140,351 | 11,727,310 |
104,416,859 | 129,007,092 |
9,731,485 | 9,594,513 |
67,511,176 | 71,265,454 |
4,350,989 | 3,101,399 |
- | 8,226,955 |
186,010,509 | 221,195,413 |
197,150,860 | 232,922,723 |
683,739,965 | 708,433,901 |
3.98 | 3.89 |
ASSETS |
Non Current Assets |
Property, plant & equipment |
Intangible assets |
Leasehold right-of-use asset |
Deferred tax assets |
Equity Investments at FVOCI |
Total Non Current Assets |
Current Assets |
Inventories |
Trade & other receivables |
Amount due from related parties |
Short term investments |
Cash & cash equivalents |
Total Current Assets |
Total Assets |
EQUITY AND LIABILITIES |
Equity |
Stated capital |
Retained earnings |
Fair value through OCI reserve |
Total Equity |
Non Current Liabilities |
Employee benefits |
Total Non Current Liabilities |
Current Liabilities |
Trade & other payables |
Leashold right to use liability |
Amount due to related parties |
Income tax liability |
Bank Overdraft |
Total Current Liabilities |
Total Liabilities |
Total Equity & Liabilities |
Net Asset Per Share |
I certify that these financial statements have been prepared in compliance with the requirements of the Companies Act No 7 of 2007.
Signed |
R.P.S.P. Randeni |
Manager -Finance |
The Board of Directors is responsible for the preparation and presentation of these financial statements. Signed for and on behalf of the board:
Signed |
Dr. Mothilal De Silva |
Director |
Signed |
Lawrence Paratz |
Director |
Date: | 08.05.2025 |
`
Figures in the brackets indicate deductions.
The above figures are provisional and subject to audit.
eChannelling PLC |
STATEMENT OF CHANGES IN EQUITY |
For the period ended 31.03.2025
Balance as at 31st December 2023Total Comprehensive income for the period |
Profit for the period |
Other comprehensive income |
Actuarial gain arising from defined benefit obligation, net of tax |
Fair value gain of investments valued at FVTOCI |
Total Comprehensive income for the perod |
Profit for the year (Nine Months) |
Other comprehensive income |
Actuarial gain arising from defined benefit obligation, net of tax |
Fair value gain of investments valued at FVTOCI |
Stated Capital | Available for-sale Reserve | Retained | Total |
Earnings | |||
LKR | LKR | LKR | LKR |
93,758,316 | 606,130 | 348,730,710 | 443,095,156 |
- | - | 10,408,620 | 10,408,620 |
- | 122,440 |
(7,070) | (7,070) |
122,440 |
93,758,316 | 728,570 | 359,132,261 | 453,619,147 |
21,538,528 | 21,538,528 |
(703,370) | (703,370) |
1,056,874 |
1,056,874
93,758,316 | 1,785,444 | 379,967,419 | 475,511,179 |
Total Comprehensive income for the perod |
Profit for the year (Three Months) |
11,376,525 | 11,376,525 |
- | |
- | |
- | - |
(298,602) |
Other comprehensive income |
Actuarial gain arising from defined benefit obligation, net of tax |
Fair value gain of investments valued at FVTOCI |
93,758,316 | 1,486,844 | 391,343,944 | 486,589,102 |
Figures in the brackets indicate deductions. |
The above figures are provisional and subject to audit. |
eChannelling PLC |
CASH FLOW STATEMENT |
31.03.2025
Un-audited
LKR
31.03.2024
Audited
LKR
15,913,146
15,621,960
676,922
1,336,098
414,484
(586,959)
(6,977,183)
136,972
10,913,480
1,019,032
1,363,749
614,669
10,100
(7,074,477)
291,657
11,846,690
2,369,268
1,716,106
(3,754,278)
(24,590,231)
(13,345,655)
(28,045,228)
4,094,686
7,969,087
(5,770,464)
(9,905,229)
(3,407,785)
(16,753,440)
(890,694)
(2,841,678)
(13,637,601)
(325,000)
(6,205,347)
8,776,674
2,246,327
(2,047,500)
(4,763,160)
7,205,716
395,056
-
-
-
-
(14,507,114)
23,445,562
8,938,448
(13,242,546)
19,566,529
6,323,983
8,938,448
8,938,448
6,323,983
6,323,983
For the period endedCash Flow From Operating Activities |
Profit Before Tax |
Adjustments for : |
Depreciation and amortization |
Ammortization of right-of-use asset |
Amotization on intangible assets |
Provision for employee benefits |
Interest income |
Interest expenses |
Operating Profit before Working Capital Changes |
Decrease / (increase) in trade & other receivable |
Decrease / (increase) in amounts due from related parties |
Decrease / (increase) in amounts due to related parties |
Increase / (decrease) in trade & other payables |
Cash Generated from Operations |
Employee benefits paid |
Tax paid |
Net Cash Generated from Operating Activities |
Cash Flow From Investing Activities |
Acquisition of property plant and equipment |
Net proceeds from short term investments |
Interest Income Received |
Net Cash (used in) / Generated from Investing Activities |
Cash flow from Financing Activities |
Lease Rental |
Net Cash Generated from Financing Activities |
Net increase in cash & cash equivalents |
Cash & cash equivalents at beginning of the period |
Cash & Cash Equivalents at end of the Period |
Analysis of Cash and Cash Equivalents |
Cash at bank & in hand |
Figures in the brackets indicate deductions.
The above figures are provisional and subject to audit.
Notes to the Financial Statements1 | Basis of preparation |
The Interim Financial Statements of the Company have been prepared in accordance with Sri Lanka Accounting Standard -LKAS 34 - Interim Financial Reporting. This Interim Financial Statement should be read in conjunction with the Annual Report for the year ended 31 December 2024. The financial statements provide the information as required in terms of Rule 7.4 of the Colombo Stock Exchange. | |
2 | Company is following the same accounting policies published in the Annual report for the year ended 31st December 2024. |
3 | The figures are provisional and subject to audit. |
4 | All known expenses including management fees and similar expenses have been provided for the financial statements. |
5 | According to the best of knowledge and belief of the Board of Directors no circumstances have arisen since the reporting date, which would require adjustments to or disclosure in the Financial Statements. |
6 | There has not been a significant change in the nature of contingent liabilities, which were disclosed in the Annual Report for the year ended 31 December 2024. |
7 | Basic earnings per share is calculated by dividing the net profit for the respective period attributable to ordinary shareholders of the entity by the weighted average number of ordinary shares outstanding during that period. |
20 Largest Shareholders | ||
Name of Shareholder | No of Shares | % Holding |
31-Mar-25 | ||
Mobitel (Pvt) Ltd | 106,974,618 | 87.59 |
People's Leasing & Finance PLC / Mr. M.M.R.S Ananda | 1,577,653 | 1.29 |
Senkadagala Finance PLC/S.Gobinath | 1,345,000 | 1.10 |
Mr. G.C. Goonetilleke | 1,162,000 | 0.95 |
Mr. P. Rathnayaka | 840,000 | 0.69 |
Mr. M.A.B Morahela | 294,398 | 0.24 |
Merchant Bank of Sri Lanka & Finance PLC / Y.R.P.De Silva | 253,136 | 0.21 |
Mr. M.A. Kumarasingha | 232,433 | 0.19 |
Mr. Z.G Carimjee | 231,933 | 0.19 |
MRS. T.R. Selvanayagam | 201,000 | 0.16 |
Mr. A.H Munasinghe and A.R.R Munasinghe | 190,000 | 0.16 |
Seylan Bank PLC / Anuja Chamila Jayasinghe | 175,210 | 0.14 |
Senkadagala Finance PLC/H.K.S.K.Dharmasiri | 140,778 | 0.12 |
Mr. B.A.S.I Perera | 120,400 | 0.10 |
Merchant Bank of Sri Lanka & Finance PLC/S.R.Seneviratne | 120,000 | 0.10 |
Hatton National Bank PLC / Ravindra Erle Rambukwelle | 116,000 | 0.09 |
Mrs. Z.M Adamally | 115,967 | 0.09 |
Nation Lanka Capital Ltd/Rupasingha Arachchige Donal Rupasingha | 107,560 | 0.09 |
MRS. L.B.H.C. Silva | 104,788 | 0.09 |
Merchant Bank of Sri Lanka & Finance PLC | 104,000 | 0.09 |
Sub Total | 114,406,874 | 93.68 |
Others | 7,724,541 | 6.32 |
Total Shares | 122,131,415 | 100.00 |
Public Shareholding |
Number of Shareholders |
Number of Shares |
Percentage Holding |
Float Adjusted Market Capitalization - Rs. |
2,154 |
15,156,797 |
12.41% |
194,007,002 |
The Company complies with Option 2 of the Listing Rules 7.13.1 (b) - Less than Rs. 1 Bn, Float Adjusted Market Capitalization which requires 10% minimum Public Holding.
Directors Shareholding | As at 31st March | |
Name of Director | 2025 | |
Dr. Mothilal De Silva | - | |
Mr. Chandrasiri Kalupahana | - | |
Mr.Lawrence Paratz | - | |
Mr. Suneth Haputhanthri | - | |
Professor T.M.Ruwanthi Perera | - | |
Market Price Per Share | 2025 | 2024 |
For the 3 months ended 31st March 2025 | LKR | LKR |
Highest | 14.50 | 17.00 |
Lowest | 11.50 | 13.50 |
Last Traded | 12.80 | 14.60 |
Corporate Information Name of the Company Company Registration No Registered Office | eChannelling PLC PQ 205 No.108, W.R.D.Ramanayake Mawatha, |
Colombo 02 | |
Telephone | (+94 71) 4 225225 |
Telefax | (+94 11) 2 370979 |
Website | https://www.echannelling.com |
Contant Person | Sandun Randeni ( Manager- Finance) |
Legal Form | |
Quoted Public Company incorporated in Lanka in 2000, Ordinary share listed on Savi Board of the Colombo Stock Excha | |
Board of Directors | Dr. Mothilal De Silva Mr. Chandrasiri Kalupahana Mr.Lawrence Paratz Mr. Suneth Haputhanthri Professor T.M.Ruwanthi Perera |
Secretaries of the Compan | |
Auditors | KPMG Charted Accountants 32A, Sir Mohamed Macan Marker Maw P.O. Box 186 Colombo 03 |
Lawyer(s) | D. L. & F. De Saram 47 Alexandra Place, Colombo 07 |
Bankers | Sampath Bank PLC Nations Trust Bank PLC Peoples Bank Commercial Bank of Ceylon PLC DFCC Bank Amana Bank PLC National Development Bank City Bank |
Sri
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