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Lux Island Resorts fiscal Q2 profit climbs 5.0% YOY

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Lux Island Resorts fiscal Q2 profit climbs 5.0% YOY

Lux Island Resorts Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, amounted to 1.42 Mauritian rupees per share, compared with 1.42 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 161.5 million rupees, a gain of 5.0% from 153.8 million rupees in the year-earlier period.

The normalized profit margin declined to 11.8% from 12.4% in the year-earlier period.

Total revenue increased 10.0% on an annual basis to 1.37 billion rupees from 1.24 billion rupees, and total operating expenses rose 12.4% year over year to 1.04 billion rupees from 921.7 million rupees.

Reported net income increased on an annual basis to 234.3 million rupees, or 2.07 rupees per share, from 229.1 million rupees, or 2.11 rupees per share.

As of Feb. 12, US$1 was equivalent to 33.35 Mauritian rupees.