Alteo Limited Declares Final Dividend for the Financial Year Ending June 30, 2023, Payable on or About July 31, 2023
June 28, 2023 at 04:03 am IST
Share
Board of Directors of Alteo Limited has declared a final dividend of MUR 0.24 (24 cents) per share payable in respect of all the shares of the Company. This final dividend is in respect of the financial year ending June 30, 2023 and will be payable in full to all the shareholders of the Company registered at close of business on July 13, 2023. The dividend will be paid on or about July 31, 2023.
The shares of the Company will be traded cum-dividend up to the market day of July 10, 2023 and ex-dividend on July 11, 2023.
Alteo Agri Ltd is a Mauritius-based company, which is principally engaged in sugar, renewable energy and property sectors. The Company operates through three segments: sugar, energy and property. The sugar segment includes planting and harvesting of sugar cane and other food crops, sugar cane milling and sugar refining. It produces and refines sugar for a variety of markets, including Mauritius, Kenya and Tanzania. The energy segment operates bagasse/coal power plants to supply steam and electricity. This energy powers its factories and is exported to the national grids. It owns and operates three power plants in Mauritius and Tanzania and exports approximately 340-gigawatt hours to the grid every year. The property segment promotes, markets and sells villas, apartments and serviced land and operates an 18-hole championship golf course located at Anahita. Its property cluster manages, develops and markets its substantial land and real estate assets along Mauritiusâ east coast.