Bloomberg News

Lux of Mauritius Drops to 3-Year Low as Arrivals Stall in June

July 17, 2012

Lux Island Resorts Ltd. (NRL), Mauritius’s third-biggest leisure operator by market value, fell to the lowest in more than three years after tourism arrivals to the Indian Ocean island nation missed estimates.

The stock retreated for a second day, falling 0.5 percent to 18.90 rupees a share by 12:39 p.m., in Port Louis, the capital, the lowest since March 2009.

The number of visitors to the Indian Ocean island nation rose 0.1 percent to 54,625 last month, Statistics Mauritius said in a statement on its website today. Arrivals for the first six months in 2012 grew 0.5 percent, compared with a 1.6 percent forecast by the data agency.

To contact the reporter on this story: Kamlesh Bhuckory in Port Louis at kbhuckory@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net


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