Menu
  • CIEL LIMITED REPORTS FINANCIAL RESULTS FOR THE NINE MONTHS ENDED 31 MARCH 2019

    15 May 2019

    The comparative March 2018 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 presents an improved performance for the nine months ended 31 March 2019 with a revenue of MUR 18.5bn (2018 Restated: MUR 17.0bn) and a double-digit Earnings before Interest, Taxes, Depreciation and Amortisation (‘EBITDA’) growth of 14% to reach MUR 2,653M (2018 Restated: MUR 2,328M). This led to an EBITDA margin of 14.3% - a 0.6 percentage point gain over the nine months ended 31 March 2018.

Close