New Mauritius Hotels Ltd. reported unaudited group earnings results for the third quarter and nine months ended June 30, 2012. For the quarter, the company reported revenue of MUR 1,593,300,000, loss before tax of MUR 197,198,000 and loss attributable to owners of the parent of MUR 177,208,000 or MUR 1.10 per basic share compared to revenue of MUR 1,452,031,000, loss before tax of MUR 142,884,000 and loss attributable to owners of the parent of MUR 133,047,000 or MUR 0.82 per basic share over the same period last year.

For the nine months, the company reported revenue of MUR 6,445,213,000, profit before tax of MUR 839,529,000 and profit attributable to owners of the parent of MUR 726,819,000 or MUR 4.50 per basic share compared to revenue of MUR 5,961,200,000, profit before tax of MUR 917,694,000 and profit attributable to owners of the parent of MUR 769,545,000 or MUR 4.77 per basic share over the same period last year. The results were impacted by the adverse variance registered during the third quarter. Net cash flows generated from operating activities were MUR 1,400,643,000 compared to MUR 1,277,186,000 a year ago. Purchase of property, plant and equipment was MUR 728,252,000 compared to MUR 2,257,144,000 a year ago.

The company provided earnings guidance for the year ending September 30, 2012. With the expected deterioration in market conditions and based on present trend in bookings, overall results for the current financial year are expected to be lower than those of last year.