Reuters logo
Mauritius Sun Ltd Q1 pretax loss narrows
November 10, 2017 / 6:16 AM / in a month

Mauritius Sun Ltd Q1 pretax loss narrows

PORT LOUIS, Nov 10 (Reuters) - Mauritius-based Sun Ltd , formerly Sun Resorts, reduced its net loss by 2 percent in the first quarter ending Sept. 30 and said it expected significant improvement year-on-year in the next quarter.

Sun Ltd, which also operates in the Maldives, said in a statement that net loss shrunk to 259 million rupees ($7.57 million) in the first three months of its financial year, down from a loss of 264 million a year earlier.

Revenue rose to 1.2 billion rupees from 1.03 billion with the company’s loss per share at 1.70 rupees versus 1.90 rupees a year earlier, it said. ($1 = 34.2300 Mauritius rupees) (Reporting by Jean Paul Arouff; Editing by George Obulutsa and Sunil Nair)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below