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Rogers’ revenues hit Rs2.65billion, targets pre-Covid performance

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Rogers' revenues hit Rs2.65billion, targets pre-Covid performance
Rogers House, Port Louis

Rogers and Co. Ltd has posted strong performance for this quarter across all its business lines.

The Group’s revenue increased by 50% to Rs 2.65 billion (Q3 2021: Rs 1.76 billion ) driven principally by the performance of the Hospitality Served Market following the reopening of borders and worldwide easing of travel restrictions.

According to its statement published on the Stock Exchange of Mauritius, Rogers’ Profit After Tax (PAT), excluding other gains and losses of Rs 2million, recovered significantly to Rs 358million (Q3 2021: loss of Rs 224million) driven by most Served Markets including investments.

With the recovery of Hospitality and the continued improvement of the other Served Markets, the Group expects to show results nearing pre-COVID levels for the year ending 30 June 2022.

Rogers is member of the ENL Group.

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The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.