Hotelest Limited Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2016
Hotelest Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported revenue was MUR 1,179,513,000 against MUR 1,106,439,000 reported a year ago. Earnings before interest, taxation, depreciation and amortisation was MUR 479,609,000 against MUR 480,636,000 reported a year ago. Operating profit was MUR 353,936,000 against MUR 358,012,000 reported a year ago. Profit before taxation was MUR 284,369,000 against MUR 260,227,000 reported a year ago. Profit for the period attributable to owners of the parent was MUR 132,454,000 or MUR 2.37 per share against MUR 119,002,000 or MUR 2.13 per share reported a year ago. Net cash from operating activities was MUR 325,006,000 against MUR 290,070,000 reported a year ago.