Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

New Mauritius Hotels Tumbles Most Since 2008 as Loss Widens

Don't Miss Out —
Follow us on:

Aug. 8 (Bloomberg) -- New Mauritius Hotels Ltd., the country’s largest leisure operator by market value, declined the most since November 2008 after reporting its loss widened in the third quarter.

The stock retreated 8.9 percent to 62 rupees by the 1:30 p.m. close in Port Louis, the capital. The share price is lowest since March 2009, according to data compiled by Bloomberg.

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 gauge.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.