Mauritius' Lux Island Resorts first-half profit rises

PORT LOUIS Fri Feb 15, 2013 10:18pm IST

PORT LOUIS Feb 15 (Reuters) - Mauritius' Lux Island Resorts said on Friday first-half pretax profit rose to 36 million rupees ($1.17 million) versus 15 million a year ago, boosted by its Maldives resorts.

The luxury hotel group, which has also resorts in the Maldives and Reunion islands in the Indian Ocean, said tourist arrivals in Mauritius ticked lower by 0.3 percent to 498,690.

Arrivals in the Maldives improved by 3 percent to 495,701 for the six month period to the end of December.

Earnings per share climbed to 0.26 rupees from 0.18 rupees, the company said in a statement.

"Germany and France, both shrank markedly in the last three months of 2012 suggesting that the Euro zone has slipped deeper into recession and throwing a first quarter (of 2013) recovery for the block into doubt," Lux said.

The company said the continuing growth in additional rooms in its Mauritius resorts was also a source of concern given that it was not matched by a corresponding growth in arrivals.

However, the resort said it hoped its third quarter results should show an improvement on last year due to improved efficiency and cost controls, without elaborating.

($1 = 30.6500 Mauritius rupees) (Reporting by Jean Paul Arouff. Editing by Jane Merriman)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

RBI Policy Review

RBI Policy Review

RBI keeps rates on hold, warns on inflation  Full Article 

China iPhone Sale

China iPhone Sale

China regulator approves Apple's iPhone 6 for sale in China  Full Article 

Cleanliness Drive

Cleanliness Drive

Modi orders officials to clean loos on Gandhi's birthday.  Full Article 

Bid to Boost Trading

Bid to Boost Trading

RBI takes small steps to deepen markets.  Full Article 

Car Recall

Car Recall

Maruti Suzuki says to recall 69,555 cars.  Full Article 

China Factory Data

China Factory Data

China final HSBC PMI steady in September on stronger global demand but risks remain  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage