31-Mar-16 31-Mar-17

Revenue 20,448,189,559
Cost of Sales -15,716,388,314
Gross Profit 4,731,801,245
Other Income 240,180,119
Administrative Expenses -1,572,683,446
Other Expenses -47,089,878
Operating Profit 3,352,208,040
Net Finance Cost -150,147,595
Share of Results of Equity-Accounted Investees, Net of Tax 28,757,868
Profit Before Tax 3,230,818,313
Income Tax Expenses -484,634,630
Profit for the Period 2,746,183,683
Less: Minority Interest 38,179,474
NPAT 2,708,004,209

GP margin 23.1%

Non-current assets
Property, plant and equipment 5,427,580,928
Investment properties 3,288,619,125
Investment properties – work in progress 3,310,763,207
Intangible assets and goodwill 1,418,339,114
Equity-accounted investees 1,202,645,902
Non-current financial assets 1,425,831,563
16,073,779,839
Current assets
Inventories 5,313,169,051
Trade and other receivables 8,821,036,174
Amount due from related parties 108,624,037
Current tax assets
Other current financial assets 1,821,906,293
Short-term investments 36,051,028
Short-term deposits 2,922,306,646
Cash and cash equivalents 949,395,427
19,972,488,656
Total assets 36,046,268,495
Equity
Stated capital 9,000,000,000
Revaluation reserve 249,969,954
Retained earnings 9,589,746,941
Equity attributable to equity holders of the parent 18,839,716,895
Non-controlling interest 2,711,502,144
21,551,219,039
Non-current liabilities
Government grant 6,142,874
Loans and borrowings 5,206,144,240
Employee benefits 183,276,363
Deferred tax liabilities 284,042,411
5,679,605,888
Current liabilities
Bank overdraf 278,198,636
Trade and other payables 7,852,034,784
Amount due to related parties 67,307,412
Loans and borrowings 531,090,420
Current tax liabilities 59,996,915
Unclaimed dividends 26,815,401
8,815,443,568
Total liabilities 14,495,049,456
Total equity and liabilities 36,046,268,495
Net asset per share 18.84

Operating activities
Profit before tax 3,230,818,313
Adjustments to reconcile profit before tax to
net cash flows:

Depreciation and impairment of property, plant and equipment 890,453,638

Amortisation and impairment of intangible assets 28,909,314
Provision for employee benefits 48,594,971
Provision for/write-off of bad and doubtful debts/inventories 47,388,202
Gain on fair value changes of investment properties 0
Loss on fair value changes of short-term investments 4,336,447
Gain on disposal of property, plant and equipment -74,646,021
Gain on disposal of investments -81,511,884
Amortisation of Government grant -219,126
Share of results of equity-accounted investees, net of tax -28,757,868
Dividend income -3,478,792
Net finance cost 150,147,595
Operating profit before working capital changes 4,212,034,789
Working capital adjustments:
Increase in inventories -886,006,081
Increase in trade and other receivables -2,371,365,880
Increase in other current financial assets -150,600,367
(Increase)/decrease in amounts due from
related parties -61,694,541
Increase in trade and other payables 2,508,170,563
Increase/(decrease) in amounts due to related parties 24,957,756
Cash generated from operating activities 3,275,496,239
Interest paid -664,894,098
Income tax paid -604,557,722
Gratuity paid -11,003,846
Net cash flows generated from operating activities 1,995,040,573
Investing activities
Purchase of property, plant and equipment -1,332,439,504
Purchase of intangible assets -2,690,875
Purchase of other non-current financial assets -100,000,000
Purchase of investment properties -5,104,692
Purchase of investment properties - work in progress -1,752,062,320
Proceeds from sale of property, plant and equipment 93,828,063
Acquisition of subsidiary, net of cash acquired -417,332,158
Investment in subsidiary 0
Investment in joint venture -850,000,000
Proceeds from sales of investments 39,964,050
Net proceed from sale of unit trust 184,828,075
Net Investment in short-term deposits 3,768,958,907
Dividends received 3,478,792
Interest received 542,489,574
Net cash flows generated from/(used in) investing activities 173,917,912
Financing activities
Dividends paid to equity holders of the parent -1,500,000,000
Dividend paid to non-controlling interests -30,696,310
Acquisition of non-controlling interests -49,990,000
Proceeds from issue of shares to non-controlling interest 99,970,032
Proceeds from borrowings 2,326,925,774
Repayment of borrowings -2,429,965,873
Payment of finance lease liabilities -5,200,982
Net cash flows generated from/(used in) financing activities -1,588,957,359

Net increase/(decrease) in cash and cash equivalents 580,001,126

Cash and cash equivalent at 1 April 91,195,665
Cash and cash equivalent at 31 March 671,196,791
Roads and highways construction 1,207,164,786
Water and drainage construction 3,144,237,554
Bridge construction 1,414,098,207
Building and other construction 7,025,926,441
12,791,426,988
Sale of construction-related material 2,120,910,107
Hiring income 95,451,091
Fabrication income 27,716,772
Rental income 172,116,236
Service charges 10,609,457
Vehicle sales and afer sales services 5,229,958,908
20,448,189,559

Degree of op lev
% change in Sales
% change in op profit
 31-Mar-18 31-Mar-19 31-Mar-20 31-Mar-21 21-Mar-22
26,055,590,803 24,512,067,843 24,606,387,145 24,142,560,827 16,874,473,986
-21,994,429,511 -17,648,688,847 -17,716,598,744 -17,382,643,795 -12,149,621,270
4,061,161,292 6,863,378,996 6,889,788,401 6,759,917,032 4,724,852,716
2,519,087,363
-1,893,465,924
-63,358,073
4,623,424,658 4,232,153,430 4,255,417,408 4,140,826,105 2,359,982,726
-382,588,880
-9,671,067
4,231,164,711 4,232,153,430 4,255,417,408 4,140,826,105 2,359,982,726
-1,204,849,540
3,026,315,171
-44,517,488
3,070,832,659

15.6% 28% 28% 28% 28%

5,980,093,102
10,713,949,513
402,478,308
1,400,829,854
1,191,865,526
1,482,032,531
21,171,248,834

6,085,842,007
11,249,413,659
199,685,811
66,116,571
2,195,368,035
35,560,781
2,041,431,464
1,394,098,390
23,267,516,718
44,438,765,552
 9,000,000,000
404,698,445
11,375,847,076
20,780,545,521
2,299,725,473
23,080,270,994

5,923,485
5,137,825,136
238,920,256
1,157,536,815
6,540,205,692

564,712,154
10,116,721,429
68,558,191
3,948,402,215
88,268,191
31,626,686
14,818,288,866
21,358,494,558
44,438,765,552
20.78

4,231,164,711

1,023,382,343
30,361,220
50,516,729
130,765,822
-2,303,297,521
490,247
-27,798,224
0
-219,389
9,671,067
-1,486,092
 382,588,880
3,526,139,793

-827,298,687
-2,504,459,891
-373,461,742

-91,061,774
2,271,342,719
1,250,779
2,002,451,197
-914,019,607
-444,242,262
-13,995,161
630,194,167

-1,590,188,328
-12,851,960
0
-6,886,444
-2,011,061,524
57,816,286
0
0
0
0
0
880,875,182
1,486,092
455,566,774
-2,225,243,922

-1,200,000,000
-42,654,575
-452,382,500
99,970,032
11,392,330,318
-8,040,907,775
-3,116,300
1,753,239,200

158,189,445
671,196,791
829,386,236
 2,979,494,492
1,276,854,180
1,754,410,689
8,677,458,328
14,688,217,689 15,000,000,000 14,166,666,667 14,166,666,667 6,666,666,667
2,574,220,914 2,347,565,511 2,460,893,212 2,404,229,361 2,432,561,287
70,730,643 83,090,867 76,910,755 80,000,811 78,455,783
57,342,033 42,529,403 49,935,718 46,232,560 48,084,139
495,154,491 333,635,364 414,394,927 374,015,145 394,205,036
1,562,950 6,086,204 3,824,577 4,955,390 4,389,983
8,168,362,083 6,699,160,496 7,433,761,289 7,066,460,892 7,250,111,091
26,055,590,803 24,512,067,843 24,606,387,145 24,142,560,827 16,874,473,986

27% -6% 0% -2% -30%

38% -8% 1% -3% -43%
0.7231329868 0.700000 0.700000 0.700000 0.700000
 31-Mar-23
10,091,850,740
-7,266,132,533
2,825,718,207

1,004,861,230

1,004,861,230

28%
 0
2,418,395,324
79,228,297
47,158,350
384,110,091
4,672,687
7,158,285,992
10,091,850,740

-40%
-57%
0.700000
Road Value (Rs m) end date
Central Expressway
Colombo-Kandy Section
(A001) Road2 From
- Package A
Kadawatha 9,378 16-Jul-19
To Nittambuwa
Construction Of Proposed Ring Road Along 6,956 31-Dec-18
The West Bank Of West Beira Lake 418 30-Aug-18

Bridges And Flyovers

Reconstruction Of Kochchikade Bridge 695 24-Jan-19
Waterfront Integrated Resort Development Project - Bridge 604 30-Jul-18

Water projects
Deduruoya Water
The Towns East Of Supply
ColomboProject
District Water 1,984 12-Dec-18
Supply Project
Anuradhapura North Water Supply 4,390 31-Oct-18
Project – Phase I 3,650 13-Apr-20

Irrigation And Of
Rehabilitation Land Drainage And Upstream
Downstream
Dam Embankments
Rehabilitation Of Iranamadu
Of Downstream AndReservoir
Upstream Package 1 488 10-May-18
Dam Embankments Of Iranamadu Reservoir Package 2 397 15-Oct-17

Buildings
Waterfront
Construction- RC
Of 608 Housing Units For 2,082 10-Aug-18
Government Employees At Borella 4,889 31-Aug-19
Nanotechnology Building Phase 1B 3,088 29-Dec-19

Telecommunication
Dialog
Dialog Backbone Project
Optical Fibre Sprouts 244.75 31-Aug-18
Connectivity Project 865 31-Dec-18

Piling
Odel Commercial Complex 570 30-Aug-18

31-Mar-16 31-Mar-17 31-Mar-18

Current Order Book
30,000,000,000

Potential order book

20,000,000,000
Capital Heights
11,000,000,000
Marina Square
40,000,000,000
start date
16-Jan-17
11-Sep-13
15-May-17

24-Jul-16
12-Jul-16

12-Jun-17
4-Jan-15
14-May-18

24-Aug-15
19-Oct-15

1-Oct-16
19-Mar-16
19-Mar-18

9-Jun-17
1-Oct-13

29-Aug-17

31-Mar-19 31-Mar-20 31-Mar-21 21-Mar-22 31-Mar-23

15,000,000,000 7,500,000,000 7,500,000,000

6,666,666,667 6,666,666,667 6,666,666,667

15,000,000,000 14,166,666,667 14,166,666,667 6,666,666,667