The Union Sugar Estates Company Limited reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was MUR 21.09 million compared to MUR 11.67 million a year ago. Net income was MUR 36.5 million compared to net loss of MUR 20.01 million a year ago. Basic earnings per share from continuing operations was MUR 1.94 compared to basic loss per share from continuing operations of MUR 1.06 a year ago.
For the six months, sales was MUR 26.53 million compared to MUR 17.75 million a year ago. Net income was MUR 58.4 million compared to MUR 7.07 million a year ago.