Sri Lanka PickMe usage surges in December quarter

Profits at Sri Lanka’s Digital Mobility Solutions Lanka Plc grew 38 percent to 292 million rupees in the December 2024 quarter as revenues surged amid higher usage, interim accounts showed.

PickMe revenues surged 40 percent to 1,524 million rupees in the December quarter and operating expenses rose 20 percent to 464 million rupees.

“This revenue growth was primarily driven by a rise in platform usage, with a higher number of users contributing to increased volume,” the firm told shareholders in the quarterly accounts.

PickMe drivers are getting more rides and earning more money with a lower price than standard tucks at the moment, founder Jiffry Zulfer told a forum organized by Sri Lanka’s Advocata Instute.

Compared to 100 rupees charged by roadside tuk tuks, average prices were around 65 rupees, at PickMe though there was surge pricing at peak times, he said.

Spread the love
Tags:

Leave A Comment

Social