United Docks Ltd Reports Impressive Revenue Growth of 107%

For the year ending on June 30, 2023, United Docks Ltd, which holds the largest private freehold land portfolio in Port Louis, has posted revenue growth of 106.98%, going from Rs57.20million to Rs118.39 million.

Operating profit showed substantial growth, increasing from Rs27.88million to Rs76.70 million.

The profit before tax dropped to Rs219.83million, compared to a profit of Rs462.61 million the previous year.

The fair value gain in Investment Properties amounted to Rs175.65million for the year ending on June 30, 2023, in contrast to Rs450.32million in 2022.

Total Assets experienced a significant increase of 39%, rising from Rs3.64Billion to Rs5.05 Billion.

United Docks Ltd is a prominent real estate developer in Mauritius, and holds the largest private freehold land (approximately 100,000 sqm) of prime freehold land in Port-Louis.

The company also operates business parks in Port-Louis and leads in providing Park & Ride services in Mauritius, offering around 1000 parking bays.

Source: Stock Exchange of Mauritius