September 03, 2014 3:50 AM ET

Hotels, Restaurants and Leisure

Company Overview of Lux Island Resorts Ltd

Company Overview

Lux Island Resorts Ltd operates and manages resort hotels under the LUX* brand in Mauritius, the Maldives, and Réunion Island. The company operates a portfolio of LUX* resorts, such as LUX* Belle Mare, LUX* Le Morne, and LUX* Grand Gaube, Mauritius; LUX* Maldives; and LUX* Ile de La Réunion. It also operates and manages other hotels, which include Tamassa, Bel Ombre-Mauritius, Merville Beach, Grand Baie-Mauritius, and Hôtel Le Récif, La Réunion, as well Ile des Deux Cocos, a private paradise island. The company was formerly known as Naïade Resorts Ltd and changed its name to Lux Island Resorts Ltd in December 2011. Lux Island Resorts Ltd was founded in 1987 and is headquartered in Floreal, M...

Pierre Simonet Street

Floreal,  

Mauritius

Founded in 1987

2,600 Employees

Phone:

230 698 9800

Fax:

230 698 4222

Key Executives for Lux Island Resorts Ltd

Lux Island Resorts Ltd does not have any Key Executives recorded.

Lux Island Resorts Ltd Key Developments

Lux Island Resorts Ltd Reports Audited Earnings Results for the Year Ended June 30, 2013; Provides Earnings Guidance for the First Quarter Ended September 30, 2013 and Second Quarter Ending December 31, 2013

Lux Island Resorts Ltd. reported audited earnings results for the year ended June 30, 2013. For the year, the company reported total revenue under review reached MUR 3.8 billion, a growth of 2% on last year and operating profit amounted to MUR 461 million, an increase of 29%. The profit before income tax for the year 2013 improved from MUR 14 million to MUR 145 million and attributable profit increased to MUR 103 million from MUR 27 million last year. The company is estimating a 15% growth in turnover and EBITDA which was MUR 2 million last year should grow to approximately MUR 40 million for the first quarter ended September 30, 2013. For the second quarter ending December 31, 2013, compare favorably with those of last year. Providing that there is no significant deterioration in the environment, that are confident and profit for the semester ending December 31, 2013 will improve significantly on the corresponding period last year.

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