Ascencia Sees 11.7% Surge in Foot Traffic, Nearly 2 Million Monthly Visitors

Ascencia, the leading operator of shopping malls in Mauritius, has reported a robust performance with an 11.7% increase in foot traffic across its seven malls.

Despite prevailing economic challenges such as inflation and rising construction costs, Ascencia’s revenue and Net Operational Income saw significant growth of 11.3% and 10.9% respectively.

The company’s strategic efforts, including welcoming over 70 new stores, resulted in an average monthly footfall approaching two million visitors.

While high interest rates and increased competition may impact future performance, Ascencia remains confident in its asset strength and management expertise.

Source: Le Mauricien