PORT LOUIS Feb 14 Mauritius sugar producer
Alteo's pretax profit rose 116 percent to 1.36 billion
rupees ($38.42 million) in the six months to December 31 helped
by higher sales and favourable prices, the firm said on Tuesday.
Alteo is the largest sugar miller on the Indian Ocean
island. It also has interests in property development and
In a statement, the firm said "enhanced production
capacities in Tanzania and Kenya and higher sucrose levels in
Tanzania and Mauritius" led to increased sales.
Alteo said group revenue rose to 5.57 billion rupees from
3.98 billion a year earlier. Earnings per share rose to 1.41
rupees from 0.47 rupees.
The company said its Kenyan and Tanzanian operations should
continue to show improving results in the third quarter as they
will further benefit from above average cane yields and
improving sucrose levels in Tanzania and relatively high prices
in East African markets.
($1 = 35.4000 Mauritius rupees)
(Reporting by Jean Paul Arouff; editing by Aaron Maasho and