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Tourism Slows, Pretax Loss Expands for Mauritius’ Sun Resorts

Tourism Slows, Pretax Loss Expands for Mauritius’ Sun Resorts

From Money Web

Mauritius-based luxury hotels group Sun Resorts said on Monday its pretax loss widened in the first half due to fewer tourist arrivals from Europe and costs incurred in the launch of one of its renovated units.

Sun Resorts said marketing costs for its upgraded Ambre resort on the east coast had materially affected results, leading to a 112.53 million rupees ($3.6 million) pretax loss in the period through June compared with a loss of 21.44 million a year earlier.

Read more at moneyweb.co.za