Airports of Mauritius profit rose 8.4 %

12 years, 9 months ago - July 26, 2011
Net income advanced to 503 million rupees

Airports of Mauritius Ltd., which manages the country’s airfields, said profit rose 8.4 percent in the financial year through December.

Net income advanced to 503 million rupees ($17.9 million), said Seewoosagar Nemchand, the finance and administration director, in an e-mailed response to questions today. Revenue rose by 5 percent to 1.1 billion rupees.

“The company’s turnover is expected to grow by around 20 percent in 2011,” Nemchand said. This will be due to “forecast passenger growth of 4 percent, coupled with an increase in the passenger service charge from 500 rupees to 1,000 rupees as from June 1”.

Text by Bloomberg

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