Livestock Feed Ltd. (LFL), a Mauritian distributor of cattle and poultry food, advanced the most in more than a month after saying that fiscal third-quarter profit soared as sales improved.
The shares climbed as much as 6.3 percent, the biggest gain since April 6, to 16.90 rupees, the highest in two months, and traded at 16.80 rupees by 1:11 p.m. in Port Louis.
Net income attributable to equity holders climbed to 15 million rupees ($511,000) for the three months through March, from 1.8 million rupees a year earlier, according to a statement published on the Stock Exchange of Mauritius website today.
“This increase is due to higher sales volumes on the local and exports markets and better sales mix,” the company said in the statement.
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