CFSL - Communique - Tsusho Capital - 16.12.2021
Thursday, 16 December 2021
The Board of Directors of CIM Financial Services Ltd (‘CFSL’) is pleased to announce that it has reached an agreement with CFAO SAS to acquire Tsusho Capital (Mauritius) Limited (‘Tsusho’), subject to obtaining relevant regulatory approvals.
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Audited Financial Statements-Year Ended 30 September 2021
Tuesday, 14 December 2021
For the year ended 30 September 2021, Cim Group posted a PAT of MUR 417.1M, resulting in a better performance relative to prior year. The overall lending book continued to grow, albeit at a subdued level, with total assets of the Group progressing by 5% year on year to reach MUR 16.6Bn. Whilst we noted a more resilient consumer finance demand, our leasing business contracted during the year with a much lower level of disbursement as compared to pre COVID-19 period.
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