Air Mauritius Group and Company results for the nine months ended 31 December 2013
The profits recorded in the third quarter have reversed the losses of the first semester for the Group (Eur 3.1M) and the Company (Eur 3.3 M) to profitability. During the nine months period ended 31 December 2013, the Group and the Company have recorded profits of Eur 5.7 million and Eur 5.2 million respectively. For the corresponding period last year, the Group and the Company had recorded losses of Eur 2.6 million and Eur 3.1 million respectively.
The number of passengers carried went up by 2.3% to reach a record level of 991,934 as compared to 969,488 during the nine months ended 31 December 2012. Seat capacity increased from 1,372,383 to 1,395,325.
Operating revenue of the Company went up by Eur 3.8 million to reach Eur 344.2 million whereas operating expenses decreased by Eur 5.5 million from Eur 327.8 million to Eur 322.3 million.
Total Shareholders’ Funds for the Company increased from Eur 77.1 million as at 31 March 2013 to Eur 82.4 million as at 31 December 2013. The resulting net assets per share as at 31 December 2013 is Eur 0.81 (Rs 33.32) as compared to Eur 0.75 (Rs 29.94) as at 31 March 2013.
In spite of persisting high fuel prices, the Company has managed to post overall profit for the nine months ended December 2013. The implementation of the Recovery Plan is impacting positively on the results of the Company.