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Lux Island Resorts posts fiscal Q4 profit

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Lux Island Resorts posts fiscal Q4 profit

Lux Island Resorts Ltd. said its normalized net income for the fiscal fourth quarter ended June 30 amounted to 130,630 rupees.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue came to 1.11 billion rupees, and total operating expenses totaled 1.07 billion rupees.

Reported net income came to 8.1 million rupees, or 6 cents per share.

For the year, the company's normalized net income totaled 2.18 rupees per share, a gain of 27.5% from 1.71 rupees per share in the prior year.

Normalized net income was 272.6 million rupees, a gain of 40.0% from 194.7 million rupees in the prior year.

Full-year total revenue increased 16.7% year over year to 4.53 billion rupees from 3.89 billion rupees, and total operating expenses grew 17.3% on an annual basis to 3.94 billion rupees from 3.36 billion rupees.

The company said reported net income grew 41.4% year over year to 379.3 million rupees, or 3.03 rupees per share, in the full year, from 268.1 million rupees, or 2.35 rupees per share.

As of Nov. 20, US$1 was equivalent to 36.05 Mauritian rupees.