Air Mauritius Group reports best quarterly profit in five years in 3QFY2017

Air Mauritius Group revenue up 1% - financial highlights for three months ended 31-Dec-2016:

• Revenue: EUR133.6 million, +1.2% year-on-year;
• Operating costs: EUR126.6 million, +4.4%;
• Operating profit: EUR8.1 million, -33.1%;
• Net profit: EUR12.8 million, +16.6%;
• Passengers: 450,188, +7.7%;
• Passenger load factor: 81.1%, +0.5 ppt;
• Total assets: EUR364.1 million;
• Cash and short-term deposits: EUR84.4 million;
• Total liabilities: EUR245.0 million. [more - original PR]

Air Mauritius: “Air Mauritius still operates in an extremely fierce competitive environment, with several persistent challenges, including: rising fuel price, volatile exchange rates, and constantly evolving market conditions. The strong results reported today gives the company the required additional financial resources to invest in its development plans, but yet still highlights the need to be cautious given the volatile nature of the operating environment.” Source: Company statement, 13-Feb-2017.