About Lavastone

Strategic & performance report

Risk management report

Corporate governance report

Leadership

Financial statements

turning
 challenges
into opportunities

Annual Report 2021

Chairman's message

Lavastone’s long term growth strategy is clearly defined and we have arranged for adequate financing for these strategic needs.

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lavastone-annual-report-2021-colin-taylor-chairman

Managing Director's interview

Our focus in 2022 will be on the continuous improvement of our property and facilities management functions to add even more value to our tenants’ businesses.

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lavastone-annual-report-2021-nicolas-vaudin-managing-director

Lavastone at a glance

lavastone-annual-report-2021-port-louis-246-edith-cavell-museum

Where challenges arose,
we saw opportunities.

94.40%

Occupancy rate

47,617 m2

Floor space available for rental

5.25 years

Weighted average lease expiry (WALE)

Higlights

Financial

Rs 107.9M
Operating Profit
(Rs 98.3M in 2020)
Rs 197.7M
Profit Before Tax (PBT)
(Rs 84.7M in 2020)
Rs 0.23
Earnings per share
(Rs (0.14) in 2020)
Rs 2.88Bn
Net assets
(Rs 2.75Bn in 2020)
Rs 0.04
Dividend per share
(Rs 0.02 in 2020)

Non-financial

6 assets categories
4,493 m2
Projects under development (Play Mourouk Hotel under renovation & redevelopment [represents GLA])
6,713 m2
Hotel space
13,104 m2
Office space
1,094
Arpents of bare land
4,362 m2
Retails space
23,435 m2
Industrial space