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Tag "financial statement"

Mauritius’ Sun Resorts sees second quarter pre-tax loss narrow to Rs 143 million

Mauritius-based luxury hotel group Sun Resorts saw its loss before tax swell to Rs 118.49 million for the half-year ended June 30, 2014 against Rs 112.53 million in the corresponding period of 2013, even as quarterly loss narrowed to Rs 143.02 million against Rs 251.05 million in the same quarter last year. The financial statement showed that the group revenue for the 6 months ended 30 June 2014 rose 0.4%

Mauritius Commercial Bank sees group profits up 3.4% for 9 months to March 31

Mauritius’ financial services major Mauritius Commercial Bank (MCB) declared group profits before tax of Rs 3.96 billion for the nine months to March 31, 2014, growing nearly 3.4% over the year-ago period. Despite the testing economic environment and unfavorable conditions in the money market, the MCB saw its net interest income increase by 4.1% to reach Rs 5.51 billion. Furthermore, net fee and commission income saw an increase of 4.8%

CIEL Limited sees profits up 75% for the first-half

CIEL Limited, formed of the amalgamation of CIEL Investments Ltd (CIL) into Deep River Investment Limited (DRI), witnessed a 75.4% rise in profits to Rs 377.7 million for the half year ended December 31 against Rs 215.3 million a year ago. However, the last quarter from October to December saw the group incur losses of Rs 15.3 million against a profit of Rs 124.89 million in the corresponding period of

Margin pressure: Ireland Blyth’s half-year operating profit inches up 1%

Mauritius-based logistics and retail major Ireland Blyth Limited (IBL) saw revenue up 5% to Rs 10.3 billion but could only notch a marginal 2.85% rise in profit after tax to Rs 389.5 million for the half year ended December 2013. Also, for the quarter ended December 31, 2013, IBL generated revenues of Rs 5.1 billion against Rs 4.7 billion for the corresponding period of 2012 while the 3-month period actually

Mauritius Commercial Bank sees over 12% rise in first-half profits

Mauritius’ financial services major MCB declared group profits before tax of Rs 2.99 billion for the half year to 31st December, growing nearly 12.5% over the year-ago period. MCB, the biggest bank by market value in east Africa and the Indian Ocean region, noted in its financial statement that earnings from foreign-sourced activities and non-banking operations contributed over half of the above. Underpinned by the continued rise in the loan

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