MTD Walkers declares operating revenues for Q3

MTD Walkers Group declared operating revenues of Rs. 653.2 million for the third quarter, a rise of 28% from the previous quarter of Rs. 508.8 million.

The company’s consolidated financial statements for the nine months ending 31 December 2010 stated a profit after tax of Rs  130.15 million; 435% rise from Rs 24.3 million 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,” MTD Walkers Group CFO Viraj de Silva said.

“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,” he added. 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 across the island, the company envisages to further increase profitability in the near future.