The 10 biggest profit makers include six banking institutions

This year, the ten biggest profit makers are: MCB Group, CIEL, Alteo Limited, SBM Holdings Ltd, Absa Bank (Mauritius) Ltd, The Mauritius Civil Service Mutual Aid Association Ltd, Investec Bank (Mauritius) Ltd, Standard Chartered Bank (Mauritius) Ltd, Larsen & Toubro and AfrAsia Bank Limited. Six banking institutions – compared to five last year – are ranked in the top 10 biggest profit makers.

MCB Group registered profit before tax of Rs 12.03 billion (increase of 26.8 per cent). CIEL, which was at the 9^th position in last year’s ranking, secured the 2^nd place this year with profit before tax reaching Rs 2.95 billion compared to Rs 772 million the previous year. Alteo Limited with profit before tax of 2.75 billion found itself at the 3^rd place (8^th place in last year’s ranking. SBM Holdings Ltd lost one place (4^th in this present ranking) with profit before tax reaching Rs 2.17 billion, an increase of 65.8 per cent. Absa Bank (Mauritius), which was ranked at the 6^th position last year, made its way to the 5th place with improved profit before tax of Rs 1.73 billion (increase of 61 per cent).