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
"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
"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
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.