April 25, 2018 / 10:40 AM / 5 months ago

Mauritius Lux Island Resorts 9-month pretax profit down 16 pct

PORT LOUIS, April 25 (Reuters) - Mauritius hotels group Lux Island Resorts said on Wednesday pretax profits for the first nine months of its financial year fell 16 percent hurt by an extended construction of one of its resorts.

The luxury hotel group, which also manages resorts in the Maldives and Reunion islands in the Indian Ocean, said pretax profit decreased to 509.27 million rupees ($15.11 million) in the nine months to end March.

Group revenue was up 10 percent to 4.50 billion rupees and earnings per share dropped to 3.31 rupees from 3.99 rupees a year earlier, the company said in a statement.

It said visitor numbers to Mauritius rose 4 percent to 1.07 million in the nine months to March 31 while arrivals to the Maldives increased by 12 percent to 1.2 million.

Shares in Lux were unchanged at 71.25 rupees on Wednesday. ($1 = 33.7000 Mauritius rupees) (Reporting by Jean Paul Arouff; Editing by George Obulutsa)

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