A group of freedom loving Seychellois dedicated to get freedom for all of the people of Seychelles.
With god yes we can!!!
Wednesday, September 14, 2011
While everything else hits the fan round the world James Michel and David Pierre one in the same Calle Parti lepep shadows Democracy and Promises good governance through sham Election of National Assembly!!
New Mauritius Hotels Says Third-Quarter to June Loss Widens to $33 Million
By Kamlesh Bhuckory - Aug 5, 2011 5:42 PM GMT+0400
New Mauritius Hotels Ltd. (NMH), the country’s biggest leisure company by market value, said its third-quarter loss widened 41 percent due to losses in its airline catering unit.
The loss for the three months through June increased to 133 million rupees ($4.7 million) from 94.5 million rupees a year earlier, the company said in a statement published on the Port Louis-based Stock Exchange of Mauritius’s website today. Revenue increased 7.4 percent to 1.45 billion rupees.
“The current low season proves to be more difficult than anticipated,” it said. The Indian Ocean island nation’s low season for tourism is from April to September. The group’s catering unit accounted for 33 million rupees of losses in the quarter, it said.
Tourism and textiles are the country’s biggest foreign exchange earners, with Europe accounting for almost two-thirds of tourist arrivals. NMH, as the group is known, manages hotels under the Beachcomber brand, with eight resorts in Mauritius and one in Seychelles, according to its website.
New Mauritius Hotels’ nine-month profit increased 12 percent to 769.5 million rupees, the company said. Profit for the full-year will probably be higher than a year earlier and may improve further in 2012, it said.