Rogers Group reports 24% Surge in revenue

Mauritian conglomerate Rogers Group has announced a 24% surge in revenue from continuing operations, totalling Rs 11.9 billion for the fiscal year ending June 30, 2023.

Excluding Other Gains and Losses, Profit After Tax (PAT) experienced a notable 43% improvement, reaching Rs2.49 billion, largely attributed to the robust performance of Rogers Hospitality & Travel.

Other segments also demonstrated enhanced performance compared to the previous year, benefiting from factors like the acquisition of the haulage business in Kenya, augmented results from associates, and a fair value gain due to a shift in land use at Agrϊa.

The Group’s earnings per share (EPS) saw a remarkable 66% upswing to Rs 6.20, up from Rs 3.74 in 2022.

Additionally, the revaluation of land and buildings as of June 30, 2023, contributed to a 20% increase in the Group’s Net Asset Value (NAV) per share, now standing at Rs 52.33, compared to Rs 43.43 in 2022.

Source: Stock Exchange of Mauritius