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Top 100 Companies: Alteo leads the productivity ranking

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Top 100 Companies: Alteo leads the productivity ranking | business-magazine.mu

In the context of its 25 years, Business Magazine has introduced, in partnership with Oxford International Consultants (OIM), a productivity ranking.

The study places Alteo Ltd, a regional player in the sugar, energy and property sectors in Mauritius, Kenya and Tanzania ahead of its peers in terms of economic productivity. Ranked 12th in the turnover league, Alteo Ltd shows a Total Productivity Measure (TPM) of 1.313.

The productivity measurement was applied to 19 of the top companies on the island in the financial year 2015/16. Terra is at spot number 2 with a TPM of 1.224 followed by Rogers and Co Ltd with a TPM of 1.193.

Twenty-five years ago, it was a completely different landscape. Lonrho Group, which ceased operation in Mauritius in 1996, was the leader in 1990 according to the Total Productivity Measure. Overseas Telecommunications Services Ltd was in second position and Sun Ltd in third place.

Classified by turnover, the economic productivity analysis reveals that scale is no guarantee of efficiency and productivity. The top 5 leaders in a list of 20 companies under review for financial year 2015/16 is as follows: Mauritius Civil Service Mutual Aid Association, Outremer Telecom Ltée, Evaco Group, and Alteo Ltd.

Economic productivity relates the contribution of each rupee of input towards the production of our output. Hence, TPM looks at how well all inputs have been used to produce the unit of output. The leading companies in terms of productivity generated a TPM of above 1.3, indicating that for every rupee consumed in operations, an income of more than 30 cts is being generated. 

As Mauritius tries to bring the next wave of change, focusing on productivity is of utmost importance if we want our resources, money, time and efforts to have the most meaningful impact,” Nikhil Treebhoohun, chairman of Oxford International Consultants said.

Looking at this year’s ranking, it is clear more than ever productivity constraints should be addressed in the interest of national progress and development. Ram Jutliah, director at OIM, added that big as well as smaller enterprises need to be more flexible, pro-active and performance oriented in order to tap into new opportunities.