Mauritius Telecom profits down on high taxes
Mauritius Telecom’s
2009 post-tax profit fell 23.8 per cent to 1.4 billion rupees,
following the introduction of special taxes and a drop in tourism.
Mauritius Telecom,
which dominates the fixed-line and mobile markets and is a leading
Internet service provider on the Indian Ocean island, is due to list on
the nation’s stock exchange.
“The fall in
profits is due to the introduction of a solidarity levy of 1.5 per cent
on turnover and 5 per cent on profits of telecom operators,” Chief
Executive Sarat Lallah told reporters on Monday, adding that Mauritius
Telecom said profits have also been hit by the impact of the global
crisis on the tourism sector.
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