Monday, 16 December 2024
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.
Dividend
The Board has declared a final dividend of MUR 0.52 per share payable in respect of all the ordinary shares of the Company which will be payable to the shareholders of the Company registered at close of business on 07 January 2025.
The payment of this dividend will take place on or about 22 January 2025. The shares of the Company will be traded cum-dividend on the Stock Exchange up to the market date of 31 December 2024 and ex-dividend as from 03 January 2025.
Outlook
Considering the recently released revised economic indicators, the Board is monitoring potential changes in economic policies that could impact the business before providing an outlook for the current financial year. In the meantime, it remains steadfast in managing assets prudently and controlling its costs base.
By Order of the Board
Cim Administrators Ltd
Company Secretary
16 December 2024
The abridged audited financial statements of the Group for the year ended 30 September 2024 have been prepared using the same accounting policies as set out in the audited financial statements for the year ended 30 September 2024, except for the adoption of published standards that are now effective. These abridged audited financial statements are issued pursuant to Mauritian Listing Rule 12.14 and the Mauritian Securities Act 2005.
Copies of the statement of direct and indirect interests of Officers pursuant to rule 8(2)(m) of the Mauritian Securities (Disclosure Obligations of Reporting Issuers) Rules 2007 and the financial statements 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 accepts full responsibility for the accuracy of the information contained therein.
Click here to view abridged audited financial statements for the period year ended 30 September 2024.