Harel Mallac Group: Profits Soar To Rs30.5Million

Harel Mallac Group reported a 2% increase in its revenue for the half-year ending on June 30, amounting to Rs 1.9 billion compared to the same period the previous year.

However, the group experienced a significant surge in profits, totalling Rs 30.5 million compared to Rs 3.1 million for the corresponding period in 2022.

This improvement was attributed to enhanced profit margins.

The share in the results of associated companies and Joint Ventures saw an uptick, reaching Rs 38 million, up from Rs 22 million in 2022.

Harel Mallac generated a positive cash flow of Rs 89 million from its operational activities, marking a substantial improvement from the corresponding semester in 2022.

Source: Le Mauricien