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.

Outlook
Over the coming months, the Group expects its cost of funding to further increase thus putting pressure on margins. The Group will therefore continue to adopt a prudent and flexible approach in managing its assets and cost base.

By Order of the Board
Cim Administrators Ltd
Company Secretary
12 February 2024

The Interim (Quarterly) Report of the Group is unaudited and has been prepared using the same accounting policies as the audited statements for the year ended 30 September 2023, except for the adoption of published Standards that are now effective.
This Interim (quarterly) Report is issued pursuant to Listing Rule 12.20 and the Securities Act 2005. Copies of the statement of direct and indirect interests of Officers pursuant to rule 8(2)(m) of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007 and the Interim (Quarterly) Report are available free of charge upon request made to the Company Secretary at the registered office of CIM Financial Services Ltd.
The Board of Directors of CIM Financial Services Ltd (‘CFSL’) accepts full responsibility for the accuracy of the information contained therein.

Click here to view abridged unaudited financial statements for the period ended 31 December 2023.