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Mauritian group Ireland Blyth posts 23.2 pct rise in HY pretax profit
February 14, 2017 / 7:10 AM / 7 months ago

Mauritian group Ireland Blyth posts 23.2 pct rise in HY pretax profit

PORT LOUIS, Feb 14 (Reuters) - Mauritian conglomerate Ireland Blyth Ltd posted a 23.2 percent increase in half-year pretax profit on the back of better performance at its engineering, commercial and manufacturing businesses.

Pretax profit climbed to 1.70 billion rupees ($48.14 million) in the half year to Dec. 31, 2016. Revenue increased to 17.21 billion rupees from 16.14 billion rupees a year earlier.

Earnings per share rose to 1.35 rupees from 1.02 rupees a year ago, the company said in a statement.

“The result for the group is in line with expectations and steady growth in key business sectors is expected to continue,” the firm added.

$1 = 35.4000 Mauritius rupees Reporting by Jean Paul Arouff; Editing by Aaron Maasho and Subhranshu Sahu

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