PORT LOUIS Feb 16 New Mauritius Hotels (NMH)
posted a 0.7 percent increase in first-quarter pretax
profit helped by an increase in tourist arrivals, it said on
Among the Indian Ocean island nation's most-traded stocks,
NMH said pre-tax profit rose to 650 million rupees ($18.34
million) for the quarter to December 31.
It said average occupancy rate in its hotels increased to 78
from 73 percent a year ago, with improvement in Mauritius and
Revenue fell to 3.04 billion rupees from 3.26 billion due to
lower villas sales in Marrakech.
"Forward bookings for the second quarter of the financial
year are lagging slightly behind with the peak Easter period
expected in April as compared to March last year," NHM said.
The tourism sector is a key driver of the Indian Ocean
island's $10 billion economy.
Earnings per share remained unchanged at 1.07 rupees.
($1 = 35.4500 Mauritius rupees)
(Reporting by Jean Paul Arouff; editing by Clement
Uwiringiyimana and Jason Neely)