Air Mauritius Group and Company results for the half year ended 30 September 2013
The profit recorded in the second quarter reduced the Group and the Company losses for the half year ended 30 September 2013 to Eur 3.1 million and Eur 3.3 million respectively. For the corresponding period last year, the Group and the Company had recorded losses of Eur 9.0 million and Eur 9.2 million respectively.
The number of passengers carried went up by 1.4% to reach 618,868 as compared to 610,526 during the half year ended 30 September 2012. Seat capacity increased from 877,145 to 885,384
Operating revenue of the Company went up by Eur 0.4 million to reach Eur 217.4 million whereas operating expenses decreased by Eur 6.2 million from Eur 215.6 to Eur 209.4 million.
In spite of the positive result for the second quarter, losses brought forward from the first quarter reduced the total Shareholders’ Funds for the Company from Eur 77.1 million as at 31 March 2013 to Eur 73.5 million as at 30 September 2013. The resulting net assets per share as at 30 September 2013 is Eur 0.72 (Rs 29.52) as compared to Eur 0.75 (Rs 29.94) as at 31 March 2013.
The results of the first semester are in line with our expectations. The implementation of the Recovery Plan is impacting positively on the results of the Company. It is expected that the financial performance of the company will further improve in the second semester.