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  • CIEL LIMITED REPORTS FINANCIAL RESULTS FOR THE FIRST HALF YEAR ENDED 31 DECEMBER 2018

    18 Feb 2019

    The comparative December 2017 half-year figures were restated mainly to reflect the correct accounting treatment for sale and finance leaseback transactions of the IHS rooms in the Hotels & Resorts cluster. 

    CIEL Group achieved good organic growth and an improved profitability in the first half-year ended 31 December 2018.

    Year-on-year Group revenue stood at MUR 12.7bn (2017 Restated: MUR 11.5bn) while EBITDA rose by 24% to reach MUR 1,814M (2017 Restated: MUR 1,461M). This led to an EBITDA margin of 14.3%, a 1.6 percentage point gain over the first half-year ended 31 December 2017.

    The Group recorded a Profit after Tax (‘PAT’) of MUR 718M, up by MUR 182M for the period under review.

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