Due to the drop in the market lending rates and the introduction of an effective financial management policy, the group was able to reduce its finance cost by 4.7% for 1Q when compared with the previous year, whilst the earnings per share for the 3 months ended June 2014 was Rs. 2.46.
Commenting on this record breaking performance, MTD Walkers’ Group Executive Deputy Chairman, Mr. Jehan Amaratunga said, ‘MTD Walkers was able to achieve this milestone by capitalizing on the synergies between the Group’s subsidiary companies. We have effectively harnessed the Group’s expertise to become a fully integrated infrastructure and engineering solutions provider within Sri Lanka’s rapidly growing construction sector.’
Mr. Amaratunga further added that, ‘While the Group’s focus on service delivery and expertise was a significant competitive advantage in growing the order book to attract large scale projects, we will in the future continue to remain focused in order to ensure that all our stakeholders benefit from our underlining philosophy of timely delivery of quality, responsibly.’
Photo - MTD Walkers’ Group Executive Deputy Chairman, Mr. Jehan Amaratunga
