For the period ended 30 June 2022, the Group’s bottom line result amounted to MUR 438.2M, after an allowance for credit impairment. Progress was noted at the revenue level with respect to prior year resulting from an increase in asset base and following the recent acquisition of Tsusho Capital. Total Assets of the Group sat at MUR 19.2Bn at period close.
Despite positive signs from the local tourism industry, with the prolonged conflict in Eastern Europe and its impact on commodity prices and global inflation, the local economic environment is expected to remain uncertain over the short to medium term. The Group will therefore continue to adopt a prudent and flexible approach in managing its assets.
By Order of the Board
Cim Administrators Ltd
10 August 2022
The condensed financial statements of the Group (‘Interim Report’) are unaudited and have been prepared using the same accounting policies as the audited statements for the year ended 30 September 2021, except for the adoption of published Standards that are now effective.
This Interim 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 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 accepts full responsibility for the accuracy of the information contained therein.
Click here to view the Unaudited Financial Statements for the Period ended 30 June 2022.