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Sunday, 27 February 2011

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MTD Walkers PAT increases 435% in Q3

MTD Walkers Group recorded operating revenues of Rs. 653,195,579 for the third quarter, a rise of 28 percent from the previous quarter of Rs. 508,869,745. The Company's consolidated financial statements for the nine months ending December 31 stated a profit after tax of Rs 130,150,586 a 435 percent rise from Rs 24,302,651 in the same quarter last year.

"Overall, I am pleased with the quarter's results in what continues to be a challenging business environment. We are seeing economic recovery across the nation and we expect to capitalise on these opportunities," said Chief Financial Officer MTD Walkers Group Viraj de Silva.

"Looking forward, I am confident that the execution in all our operating businesses will enable us to capture the opportunities we are seeing in the industry."

MTD Walkers Group, a company dealing in diverse entities, has a gamut of business functions ranging from engineering, steel fabrications, piling and construction and other infrastructure development. Ranked as one of Sri Lanka's top three engineering and manufacturing companies, MTD Walkers PLC has undertaken many road construction projects across the nation.

As the government makes strides into road development across the nation, MTD Walkers PLC plays a major role in this industry with contracts for the Southern Highway and the A9 road in the North. Having won other construction tenders the Company envisages to further increase profitability in the future.

 

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