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Sun Limited

Sun Limited: good results for first quarter 2018-2019

The financial results for the first financial quarter 2018-2019 of Sun Limited are quite promising with an increase in revenues of 12% compared to the same period during the previous exercise, and have reached Rs 1.29 billion this year. One of the elements having positively influenced this result is the fact that La Pirogue has operated during a full quarter while it was under renovation until the 17th August last year. Kanuhura Maldives (photo) has also recorded an increase of 23% of its turnover despite the very competitive environment in Maldives. The decrease of 7.4% of the financial costs of the group has also contributed to this performance. Sun has achieved an occupation rate of 73.3% during this first quarter and a growth of 20% on the revenues per room (RevPar).

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