For the year ended 30 September 2024, Cim Financial Services Ltd’s bottom line result amounted to MUR 1,107M. During the last 12 months, the Group continued to experience growth in its consumer finance and leasing books, following the positive momentum and economic sentiment felt during the financial year. The Group was however not spared from the increasing funding cost and the inflationary effect on operational expenses affecting the local market. Collections remained steady and the strategic initiatives taken previously resulted in an improved overall loan book with a lower allowance for credit impairment during the year.

Notice is hereby given that the Board of Directors of CFSL has declared a final dividend of MUR 0.52 per share payable in respect of all the ordinary shares of the Company. This dividend is in respect of the financial year ended 30 September 2024 and will be payable in full to all the shareholders of the Company registered at close of business on 07 January 2025.

Notice is hereby given that the abridged audited financial statements of CFSL for the year ended 30 September 2024 have been approved by way of written resolutions dated 16 December 2024.

Further to the communiqué released by CIM Financial Services Ltd (‘CFSL’) on 13 August 2024, CFSL is pleased to announce that it has issued MUR 2,000,000,000 of notes under the MUR 9,000,000,000 medium term note programme (the ‘MUR 9bn Programme’) set out in the listing particulars dated 15 November 2024 (the ‘Listing Particulars’).

The Board of Directors (the ‘Board’) of CIM Financial Services Ltd (‘CFSL’) wishes to inform its shareholders, noteholders, and the public in general that it has approved the issuance of notes for a targeted aggregate nominal amount of up to MUR 2,000,000,000 under its existing MUR 9,000,000,000 Medium Term Note Programme (the ‘Notes’).

For the 9 months ended 30 June 2024, CIM Financial Services Ltd’s bottom line amounted to MUR 768M. The third quarter continued to show encouraging momentum in the retail and automotive sectors, translating into satisfactory disbursement levels in the Consumer Finance and Leasing segments of the Group. The asset book experienced further growth with an improved performance.  Collection efforts and results remained on target. 

Notice is hereby given that the abridged unaudited financial statements of CFSL for the nine months and quarter ended 30 June 2024 have been approved by the Board on 13 August 2024.

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For the half-year ended 31 March 2024, CIM Financial Services Ltd’s bottom line amounted to MUR 476.7M. With the retail and automobile sectors showing resilience on the local front, we benefited from a continued positive traction in the Consumer Finance and Leasing segments over the semester, translating into improved revenue line and asset base. Collection trends have also been consistently encouraging month-on-month.