MTD Walkers records Rs.275.5mn net profit for FY12/13

MTD Walkers PLC, a company which has interests in construction and power generation, has reported a net profit of Rs.275.5 million for the financial year ended March 31, 2013, up by Rs.129 million the firm reported in the previous year.

Malaysia's MTD Capital Bhd, an investment holding company owns over 90 percent of the firm.

The revenue during the 12 month period rose 29.8 percent Year-on-Year (YoY) to Rs.7.5 million and other income also rose 47.8 percent YoY to Rs.172.6 million.

The finance expenses during the period rose 97.3 percent to Rs.557.3 million.

The earnings per share improved to Rs.3.04 from Rs.1.68 in the previous year.

A segmental analysis showed that the engineering arm of the group reported a post tax profit of Rs.330 million against Rs.307 million in the previous year.

The power generation business segment reported a post tax profit of Rs.69.6 million against a post tax loss of Rs.60 million in the previous year.