BlueLife Limited (Mauritius) revenue plummets 69% in FY2021

By Published On: October 5th, 2021Categories: Corporate announcement, Earnings

BlueLife Limited (BLL.mu) 2021 Abridged Report

Market environment

The COVID-19 pandemic continues to disrupt lives and businesses globally. In this challenging context, Management has adapted itself to ensure business continuity in a safe working, living and vacation environment for employees, suppliers, residents, clients and visitors. Management spared no effort to preserve employment and business value.

Tourism was one of the first sectors to be deeply impacted by the pandemic as from March 2020, as measures introduced to contain the virus led to a near-complete cessation of tourism activities around the world. The restart of domestic tourism in July 2020 together with Government’s wage assistance support and lenders’ moratoriums on loan servicing, helped to mitigate the impact on the Group.

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