Cubus Lux confident of project pipeline

Cubus Lux, the Croatia-based leisure and tourism company, saw turnover soar by 171% to £0.9 million in the six months to 30 September, with a pre-tax profit of £0.2 million from a loss of £0.4 million last year.

Gerhard Huber, the company’s executive chairman, commented: “The initial step towards transforming our business into a leisure and development company is through the acquisition of the ‘Olive Island Resort' on the Dalmatian coast of Croatia. If successful, Cubus Lux will take itself to the next level of achieving its goal of becoming the pre-eminent tourist and leisure business in Croatia.”

Huber said the company had an exciting pipeline of such projects and was actively engaged in tendering for several additional developments.