The group has reached its strongest growth rate in four years and plans to pursue its growth internationally, to achieve a 1,877 room portfolio by the end of 2016.
LUX* Resorts & Hotels has announced solid results for its fiscal year that ended June 30, 2015. On this period, the hotel group was able to generate income before taxes of 450 million Mauritian rupees (or close to 11.3 million euros), versus 335 million (8.4 million euros) the previous fiscal year. All the group's revenues are up by 17% on the period and its net revenues increased by 36%. For the third consecutive year LUX* Resorts & Hotels saw its Ebitda increase significantly to 1,052 billion Mauritian rupees (soit environ 26.5 milliards d'euros).
As of June 30, 2015, LUX* Resorts & Hotels was valued at 8.6 billion Mauritian rupees (close to 22 million euros), or growth by 27%. "Ours is the first hotel group to figure on the Stock Exchange of Mauritius's Sustainability Index and we believe that this will contribute to increased visibility of our shares on the stock exchange. As far as our shareholders are concerned, our goal is to continue the uptrend of our share price and at the same time offer our shareholders good profit in the form of dividends,"points out Paul Jones. Moreover, this year the Board of directors has decided to pay a dividend of one rupee per share, meaning twice the sum paid in 2014.
In terms of development, the hotel group is continuing to grow by signing management contracts. Several agreements were signed recently, in particular concerning the management of a five-star hotel on the Ile de la Réunion and a luxury property in the Maldives. LUX* Resorts & Hotels will also open a second address in China next December. It plans to grow to 1,877 rooms worldwide by 2016, 32% will be owned by third parties.
As of June 30, 2015, LUX* Resorts & Hotels was valued at 8.6 billion Mauritian rupees (close to 22 million euros), or growth by 27%. "Ours is the first hotel group to figure on the Stock Exchange of Mauritius's Sustainability Index and we believe that this will contribute to increased visibility of our shares on the stock exchange. As far as our shareholders are concerned, our goal is to continue the uptrend of our share price and at the same time offer our shareholders good profit in the form of dividends,"points out Paul Jones. Moreover, this year the Board of directors has decided to pay a dividend of one rupee per share, meaning twice the sum paid in 2014.
In terms of development, the hotel group is continuing to grow by signing management contracts. Several agreements were signed recently, in particular concerning the management of a five-star hotel on the Ile de la Réunion and a luxury property in the Maldives. LUX* Resorts & Hotels will also open a second address in China next December. It plans to grow to 1,877 rooms worldwide by 2016, 32% will be owned by third parties.
