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LUX Hotels rolling on cash again, getting close to pre-Covid levels

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LUX Hotels rolling on cash again, getting close to pre-Covid levels

LUX Hotels in Mauritius announced it recorded an occupancy of 61% and a turnover of Rs1.05 billion in the first quarter of 2022; almost at par with Quarter 3 in 2019.

Operating profit from normal operations for the quarter amounted to Rs149m compared to an operating loss of Rs164m a year ago.

The total revenue of the Group for the quarter amounted to Rs1.94bn compared to Rs 715m last year.

Profit attributable to the Group was Rs276m against a loss of Rs 200m last year.

For the Nine months period ended 31 March 2022, turnover increased by more than twofold from Rs 1.8bn to Rs 4.5bn.

Profit before tax reached Rs 446m compared to a loss of Rs 828m last year.

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The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.