News International Sugar Journal

Mauritius – Omnicane and Terra Mauricia report losses [Registered]

Mauritius’ leading sugar producers Omnicane and Terra Mauricia have reported pre-tasx losses in the first half of the year due to falling sugar prices in the European market where it exports to. In Omnicane case, rising repair and maintenance costs, also ate into its profitability. The company, which also cogenerates power, posted a pretax loss of 235 million rupees ($7.7 million) from a pretax loss of 54 million rupees in the same period last year. Terra, whose subsidiaries range from sugar, electricity and alcohol production to property development and financial services, posted a loss of 156.7 million rupees ($5.1 million)…

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