Harel Mallac Group Reports MUR 42 Million Profit for 9-Month Period

Harel Mallac Group has achieved a Profit After Tax of Rs42m for the nine months ended 30 September 2023

Consolidated revenue from continuing operations increased by 2% to Rs3bn for the nine months ended 30 September 2023, compared to Rs2.9bn in the same period last year (Q3 2022).

Profit before Finance Costs reached Rs73m, showing an improvement from Rs47m in Q3 2022, attributed to an enhanced gross profit margin.

Positive cash flow of Rs103m was generated from operating activities, a significant improvement from the Rs107m cash outflow in the corresponding semester of 2022.

Source: Stock Exchange of Mauritius