Harel Mallac of Mauritius Says First-Quarter Profit Declines; Sales Climb

Harel Mallac & Co., a Mauritian investment company, said first-quarter profit fell to 900,000 Mauritian rupees ($32,688) from 9.7 million rupees a year earlier.

Revenue increased to 737.1 million rupees in the three months through March from 694.8 million rupees previously, the Port Louis-based company said in a statement published on the website of the Mauritius Stock Exchange today.

To contact the reporter on this story: Kamlesh Bhuckory in Port Louis at kbhuckory@bloomberg.net

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net

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