Business
Moroil Operating Profit Increase for Fiscal Year Ending June 30
Moroil, the company specializing in the refining, packaging, and distribution of cooking oil, has announced its financial results for the fiscal year ending June 30, 2023. The company’s operating profit rose to Rs 104.2 million, up from Rs 92.3 million in the previous year.
Despite experiencing a slight decline in net profits, which fell to Rs 84.3 million compared to Rs 84.4 million in 2022, Moroil demonstrated robust operational results.
However, the company’s overall revenue decreased from Rs 2.1 billion to Rs 1.6 billion during the same period.
Moroil’s product line includes well-known brands such as Puget, Denova, Miami, Marina, Amadora, Lesieur, and Olivor.
The firm continues to maintain a significant presence in the cooking oil market, reflecting its commitment to delivering quality products to consumers.
Source: Le Mauricien