Livestock of Mauritius Rises Most in Month on Quarterly Profit

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.

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

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.