Shell Mauritius Ltd., 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.