30th April 2018
EARNING NEWS: NMH Ltd
- Revenue increased by 3.3% despite the closure
of Sainte Anne as from September 2017.
- Revenue: Mauritius (+7.5%), Morocco (+2.4%),
- EBITDA rose by 8.91% as average room rate
increased because of a stronger Euro and GBP.
- Finance costs dropped by 10.3%.
- Occupancy decreased by 0.6% and TRevPAR gained
- Marginal gain of 0.8% in net cash flows
generated from operating activities.
- Net cash flows generated from financing
activities increased by 100.8%.
- Basic EPS decreased by 5.76%.
- Operating profit increased by 18.0% while net
profit dropped 2.7% due to a lower other income resulting from decreased gains
on treasury management, an unrealized exchange loss of Rs 36M on translation of
euro loans and an increased income tax charge.
- Domaine Palm Marrakech recorded increased
losses, given lower revenues with few unsold villas remaining in phase 1.
Management is actively working on the launch of phase 2. The three beachcomber
tours, as well as Mautourco, recorded improved results.
- Les Salines project is due to start during the
last quarter of year.
- Management working with collaboration of Black
River stakeholders to help implementing of social and environmental initiatives
to benefit all.
- Residential development is in progress and
sales are bound to begin the next financial year.
- Tender for construction works at Sainte Anne
Resorts in Seychelles will soon be issued.
- Group focuses on revenue management while
speeding up hotel renovations projects.
News: SUN Limited
- Revenue increased by 7.0% primarily driven by a
rise of 23% in ADR.
- Revenue: Mauritius (+2.7%), Maldives (+65.3%),
- Significant increase of 33.5% in EBITDA due to
improved yields and the implementation of cost optimization measures.
- Operating profit increased by 48.0% and net
profit gained 107% buoyed by increased occupancy rates in Kanuhura in the
- RevPAR grew by 15% while TRevPAR rose by 10%
despite the inclement weather conditions prevailing in Mauritius over the first
four months of 2018 and the political instability in the Maldives, following
the state of emergency declared in February.
- Occupancy decreased by 5% because of the rate
strategy in place and increased competition from a strong skiing season in
- Finance costs dropped by 19% mainly attributed
to a reduction in borrowings following recent rights issue and private
- Basic EPS rose by 57.3% from Rs 0.96 to reach
- Difficult forthcoming quarter as industry
enters the low season cycle.
- Slight growth in revenues expected if bookings
News: LUX* Resorts & Hotels
- Total revenue increased by 10.3% aided by a
rise in tourist arrivals, especially in the European and Mauritian markets.
- Revenue: Mauritius (+0.2%), Maldives (+24.4%),
- Operating profit dropped by 2.0% and net profit
fell by 6.2%, due to the poor performance of LUX* Grand Gaube which is
currently undergoing renovation, resulting in a significantly reduced
- Basic EPS declined by 6.5% from Rs 1.86 to
settle at Rs 1.74.
- NAV decreased by 4.9% to stand at Rs 45.31.
- Net cash flow generated from operating
activities dropped by 10.6%.
- Net cash flow generated from financing
activities grew by 203.8%.
hotel of 60 keys has been identified to launch new Brand by the end of 2018.
increase tourist arrival rate is expected and hence conducive to promising
performance of local hotels.
for local resorts are less as compared to Q4 last year. However, with the
appreciation of the GBP and the Euro vis a vis the rupee, the Group aims at
achieving close to the full year profit reported last year.