Fi­nan­cial cri­sis hits bank re­sults

Weekend Argus (Saturday Edition) - - LIFE -

PORT LOUIS: Mau­ri­tius Com­mer­cial Bank said yes­ter­day its first quar­ter profit fell 7.1 per­cent be­cause of the im­pact of the global fi­nan­cial cri­sis on over­seas part­ners and the strength of the Sey­chelles ru­pee. The bank made a net profit of 791 mil­lion ru­pees (R196 mil­lion) in the three months to Septem­ber 30, com­pared with 851 mil­lion ru­pees a year ear­lier. Earn­ings per share had fallen by a sim­i­lar per­cent­age to 3.33 ru­pees.

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