New Mauritius Hotels Ltd. (NMH), the country’s largest leisure operator by market value, declined the most since November 2008 after reporting its loss widened in the third quarter.
New Mauritius Hotels said yesterday that its loss in the three months through June widened to 177.2 million rupees ($5.7 million) from a loss of 133 million rupees a year earlier, according to a statement published on the Stock Exchange of Mauritius website after the market closed.
New Mauritius shares have retreated 24 percent this year, compared with an 8.1 percent fall in the 38-member SEMDEX (SEMDEX) gauge.
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