Reuters: Mauritius News

Mauritius re-opens 5.50 pct coupon 3-yr T-bond

Wed, 16 May 2012 13:15:55 +0000

PORT LOUIS, May 16 (Reuters) - The Bank of Mauritius said on Wednesday it was re-opening a three-year Treasury bond worth 1.5 billion rupees ($51.1 million) with a coupon rate of 5.50 percent for the third and last time this year.

Mauritius says April arrivals from Europe fall 5.1 pct

Wed, 16 May 2012 08:22:51 +0000

PORT LOUIS, May 16 (Reuters) - The number of tourists visiting Mauritius from Europe slowed in April, hit by the fallout from the euro zone crisis, official figures showed on Wednesday.

African Markets - Factors to watch on May 16

Wed, 16 May 2012 05:52:04 +0000

NAIROBI, May 16 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. - - - - - EVENTS: KENYA-The central bank offers 2 billion shillings of 182-day Treasury bills at auction. UGANDA-The central bank offers 120 billion shillings of Treasury bills at auction. TANZANIA-The central bank offers 30 billion shillings of 9.18 percent 5-year Treasury bonds at auction. GL

State Bank of Mauritius 9-month profit up 25 pct

Tue, 15 May 2012 15:54:27 +0000

PORT LOUIS, May 15 (Reuters) - State Bank of Mauritius's(SBM) nine-month pretax profits rose 25 percent to 2.44 billion rupees ($83 million), driven mainly by higher net interest income.

Ciel Textiles trebles 9-mths pretax profit on cost cuts

Tue, 15 May 2012 08:32:32 +0000

PORT LOUIS, May 15 (Reuters) - Mauritius clothing group Ciel said on Tuesday nine-month pretax profit leapt to 340.38 million rupees ($11.6 million) from 110.53 million on the back of aggressive cost cutting.

Mauritius' Omnicane swings to a pretax loss in Q1

Tue, 15 May 2012 05:54:10 +0000

PORT LOUIS, May 15 (Reuters) - Leading Mauritian sugar producer Omnicane swung to a pretax loss of 92.30 million rupees ($3.1 million) in the first quarter of 2012 blaming lower production of refined sugar.

African Markets - Factors to watch on May 15

Tue, 15 May 2012 05:09:35 +0000

NAIROBI, May 15 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. - - - - - EVENTS: TANZANIA-Expecting April inflation data, year-on-year rate fell for third straight month in March to 19 percent. RWANDA-Expecting April inflation data, urban year-on-year rate rose to 8.18 percent in March. ZIMBABWE-Expecting April inflation data, rate slow

Mauritius' NMH H1 pretax profit down 2.2 pct

Mon, 14 May 2012 14:39:15 +0000

PORT LOUIS, May 14 (Reuters) - First-half pretax profits at New Mauritius Hotels (NMH) fell 2.2 percent, hit by a weaker euro, the company said on Monday.

Profits double at Mauritius's Lux Island Resorts

Mon, 14 May 2012 14:03:30 +0000

PORT LOUIS, May 14 (Reuters) - Mauritius hotels group Lux Island Resorts has reported a rise in pretax profits for the first nine months of its fiscal year to 124.9 million rupees ($4.26 million) from 60.4 million rupees buoyed by its Maldives unit.

Mauritius' MCB nine-month pretax profit falls 9 pct

Mon, 14 May 2012 13:55:44 +0000

PORT LOUIS, May 14 (Reuters) - Mauritius Commercial Bank expects growth in overseas operations to help it deliver broadly flat full-year pretax profits, after rising impairment charges contributed to a 9.4 percent drop in nine-month profits.