Innodis of Mauritius advances to record as profit increases
12 years, 11 months ago - May 12, 2011
Innodis is Mauritius’s largest food company by market value
Innodis Ltd., Mauritius’s largest food company by market value, advanced to a record after announcing a 29 percent jump in third-quarter profit.
The stock rallied 2.3 rupees, or 6.3 percent, to 38.80 rupees at the 1:30 p.m close, in Port Louis, the strongest level since at least March 1996, when Bloomberg began compiling the data.
Net income in the quarter through March rose to 53.6 million rupees ($2 million) as sales increased, the Port Louis-based company said after the market closed yesterday.
