Mauritius Group Owner Profit Up 49%
Mauritius's CIEL Limited reports a 49% rise in profit to its owners, to US$11.2M, led by hotels and banking, though certain items helped the quarter. The post Mauritius Group Owner Profit Up 49% appeared first on The Rio Times .
Mauritian investment group CIEL Limited reported a significant 49% increase in profit for the quarter ending July to September 2026. Net profit after tax rose to MUR 1,090M (US$23.1M), a 42% increase, while profit attributable to CIEL's owners grew by 49% to MUR 529M (US$11.2M). Revenue increased 6% to MUR 9,888M (US$209.6M) from MUR 9,285M (US$203.5M).
Key drivers of the growth were a 15% rise in Hotels & Resorts revenue and double-digit growth in hotel EBITDA, thanks to the successful trading of CIEL's Four Seasons hotel. Finance and healthcare divisions also showed growth, with Finance EBITDA rising 23% to MUR 772M (US$16.4M) and Healthcare revenue up 7% to MUR 1.7 bn (US$36.8M). Despite a drop in textile cluster revenue, overall, CIEL's portfolio performance remained positive.
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