We ended the year with a strong portfolio and balance sheet. Group net operating income increased by MUR 317m (14%) to reach MUR 2,573m during the year and Group profit after tax increased by MUR 187m (45%) to reach MUR 601.3m. Notable growth in our Consumer Finance and Leasing activities largely contributed to these improved results. I believe this is the payoff from investments made in recent years to strengthen our core business, while also diversifying our portfolio and digitalising our operations.
Our strategy has been to concentrate our resources on our core activities and areas of expertise, which are Consumer Finance, Leasing, Cards & Payments, Factoring and SMEs. The mass market retail and SME segments together represent almost 50% of the country’s GDP and employment, and form an integral part of our business. We therefore maintained our focus on serving these segments to the best of our ability.
Extract of the ‘’Discussions with the Group CEO’’ section.