{
  "id": 20020250,
  "title": "Mauritius Group Owner Profit Up 49%",
  "url": "https://urgent.news/2026/11/14/mauritius-group-owner-profit-up-49",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-14T17:48:28.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/ciel-first-quarter-profit-rises-49-percent/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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 .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}