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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.

Notice is hereby given that the Board of Directors of CFSL has declared an interim dividend of MUR 0.21 per share payable in respect of all the ordinary shares of CFSL. This dividend is in respect of the financial year ending 30 September 2024 and will be payable in full to all the shareholders of the Company registered at close of business on 03 June 2024.

Notice is hereby given that the abridged unaudited financial statements of CFSL for the six months and quarter ended 31 March 2024 have been approved by the Board on 15 May 2024.

Further to the communique issued on 10 January 2024, the Board of CFSL is pleased to announce that Mr. Tioumitra Panday Woogra (Ambrish) Maharahaje has been appointed as Group CEO and Executive Director of CFSL effective 1st April 2024.

For the period ended 31 December 2023, CIM Financial Services Ltd’s bottom line result amounted to MUR 231.2M. Revenue level has shown progress on the back of the growth in asset portfolio. The impact of the increase in refinancing cost for the Group has been mitigated by adjustments made to lending rates.

Notice is hereby given that the abridged unaudited financial statements of CIM Financial Services Ltd (the ‘Company’) for the quarter ended 31 December 2023 have been approved by the Board on 12 February 2024.

The Board of CFSL wishes to inform its shareholders and the public that Mr. Mark van Beuningen has resigned as Group Chief Executive Officer of the Company with effect from 31^st March 2024.
To ensure a smooth transition, the Board has appointed Mr. Ambrish Maharahaje as Interim Group Chief Executive Officer subject to relevant regulatory approvals.

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