PORT LOUIS Feb 15 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)