For the period ended 31 December 2022, CFSL’s bottom line result amounted to MUR 195.9M. Whilst revenue level have shown continued progress on the back of the growth in asset portfolio, interest expense has increased following the increases in CFSL’s cost of fund.
With the volatility in the interest rate following the changes to the key rate, the Group expects its results to be impacted with an increasing cost of funding and tightening 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
07 February 2023
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 2022, 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 CFSL.
Click here to view abridged unaudited financial statements for the period ended 31 December 2022.
The Board of Directors of CIM Financial Services Ltd (‘CFSL’) accepts full responsibility for the accuracy of the information contained therein.