trending Market Intelligence /marketintelligence/en/news-insights/trending/uK9p1EHcOH7CoC_-xhdETw2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

CIEL Textile fiscal Q3 profit falls YOY

A Community Bank Shares its “Going Green” Story with Stakeholders

Podcast

Street Talk Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

Street Talk – Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

European Energy Insights February 2021


CIEL Textile fiscal Q3 profit falls YOY

CIEL Textile Ltd. said its normalized net income for the fiscal third quarter ended March 31 amounted to 49 Mauritian cents per share, a decrease of 24.6% from 66 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 50.3 million rupees, a decrease of 24.6% from 66.7 million rupees in the year-earlier period.

The normalized profit margin fell to 2.1% from 3.3% in the year-earlier period.

Total revenue grew 16.3% year over year to 2.37 billion rupees from 2.04 billion rupees, and total operating expenses climbed 18.3% from the prior-year period to 2.25 billion rupees from 1.90 billion rupees.

Reported net income fell 37.2% year over year to 57.9 million rupees, or 57 cents per share, from 92.2 million rupees, or 91 cents per share.

As of May 12, US$1 was equivalent to 34.95 Mauritian rupees.