Africa-Press – Mauritius. Mauritius Telecom’s after-tax profits continue to decline.
If in 2018 MT had made a profit of Rs 1.3 billion, in 2019 it only made a gain of 618 million and last year Rs 552 million.
In its annual report, the organization explains that profits have been affected mainly by the Covid-19 pandemic and the exchange rate.
Pre-tax income remains the same as in 2019 at Rs 7.8 billion.
Despite the pandemic, revenues are above Rs 10 billion or Rs 10.4 billion.
Chief Executive Officer Sherry Singh makes it clear in the report that 2020 profits have been affected by the appreciation of major foreign currencies against the Mauritian rupee.
He also claims that the full two-month lockdown impacted profits.
