Report

Annual Report 2020

Group revenue for the year dropped by 8% mainly explained by the lower revenues of the Energy and Property clusters. However, normalised EBITDA improved by 5% driven by the better performance of the sugar operations in Mauritius and Tanzania. Profit after tax and earnings per share also improved significantly as last year’s results had been impacted by asset impairment charges within the Sugar and Energy clusters. Other comprehensive income was favourably affected by a revaluation surplus on the land of Alteo Agri Ltd and an appreciation of the Tanzanian and Kenyan Shillings versus the Mauritian Rupee during the year.

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    Sustainability Report 2019

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