December 05, 2016 10:06 AM ET

Hotels, Restaurants and Leisure

Company Overview of Lux Island Resorts Ltd

Company Overview

Lux Island Resorts Ltd operates and manages resort hotels under the LUX* brand in Mauritius, the Réunion Island, the Maldives, China, Vietnam, Turkey, and the United Arab Emirates. The company was formerly known as Naïade Resorts Ltd and changed its name to Lux Island Resorts Ltd in December 2011. Lux Island Resorts Ltd was founded in 1987 and is headquartered in Floreal, Mauritius. Lux Island Resorts Ltd is a subsidiary of IBL Ltd.

Pierre Simonet Street

Floreal,  

Mauritius

Founded in 1987

3,023 Employees

Phone:

230 698 9800

Fax:

230 698 4222

Key Executives for Lux Island Resorts Ltd

Lux Island Resorts Ltd does not have any Key Executives recorded.

Lux Island Resorts Ltd Key Developments

Lux Island Resorts Ltd Declares Dividend for the Financial Year Ending June 30, 2015, Payable on July 7, 2015

The Board of Directors of Lux Island Resorts Ltd. has, at a meeting held on 23rd June 2015, declared a dividend of INR 1 per share in respect of the financial year ending June 30, 2015. This dividend will be paid to all shareholders of the company registered at close of business on July 10, 2015. This dividend will be paid on or about August 14, 2015. The shares of the company will be traded cum-dividend up to the market day of July 7, 2015 and ex-dividend as from July 8, 2015.

LUX Resorts & Hotels Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2014

LUX Resorts & Hotels reported earnings results for the second quarter and six months ended December 31, 2014. For the period, total revenue under review reached MUR 1.4 billion, up by 10%, on the corresponding quarter last year whilst EBITDA (Earnings before Interest Tax Depreciation and Amortisation) amounted to MUR 418 million compared to MUR 400 million last year. Operating profit improved by 3% from MUR 320 million to MUR 330 million mainly due to the weakening of the Euro. Net attributable profit amounted to MUR 234 million compared to MUR 229 million last year while the turnover increased by 10%. For the six months, turnover reached MUR 2.2 billion.

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Recent Private Companies Transactions

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