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Shell Mauritius Says Second-Quarter Profit Declines by 40%; Revenue Climbs

Shell Mauritius Ltd. (SHELL), a fuel retailer, said profit declined 40 percent in the second quarter through June as operating costs increased.

Net income retreated to 56.9 million rupees ($2 million) compared with 94.9 million rupees a year earlier, it said in a statement published on the website of the Port Louis-based Stock Exchange of Mauritius today. Sales increased 38 percent to 3.04 billion rupees, it said.

“Operating profits registered a drop as a result of an increase in operating costs both at distribution and administrative levels,” the Port Louis-based company said.

For the six months through June, net income fell 3.6 percent to 162.1 million rupees, while sales rose 41 percent to 6.06 billion rupees, the company said.

To contact the reporter on this story: Kamlesh Bhuckory in Port Louis via Johannesburg at 1933 or gbell16@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

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