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Lux Island Resorts fiscal Q3 profit climbs 8.8% YOY

Lux Island Resorts Ltd. said its normalized net income for the fiscal third quarter ended March 31 came to 1.31 Mauritian rupees per share, a gain of 8.5% from 1.21 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 179.1 million rupees, a gain of 8.8% from 164.5 million rupees in the year-earlier period.

The normalized profit margin rose to 12.0% from 11.3% in the year-earlier period.

Total revenue increased on an annual basis to 1.50 billion rupees from 1.45 billion rupees, and total operating expenses increased year over year to 1.16 billion rupees from 1.12 billion rupees.

Reported net income increased 9.2% on an annual basis to 259.9 million rupees, or 1.90 rupees per share, from 238.0 million rupees, or 1.74 rupees per share.

As of May 5, US$1 was equivalent to 35.05 Mauritian rupees.