CFSL Abridged Unaudited FS Period Ended 31 December 2024

For the period ended 31 December 2024, CIM Financial Services Ltd’s bottom line result amounted to MUR 262.7M.

During the first quarter, revenue level continued to show progress, supported by an encouraging asset growth. Whilst inflationary impact on costs remained a concern, the overall performance of the loan book resulted in a subdued allowance for credit impairment, backed by a steady collection effort.

Outlook

While the Board continues to monitor the impact of potential changes in economic policies on its business, it will exercise prudence in managing its assets and cost base.

By Order of the Board
Cim Administrators Ltd
Company Secretary

13 February 2025

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 2024, 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 (‘CFSL’).

The Board of Directors of CFSL accepts full responsibility for the accuracy of the information contained therein.

Click here to view the Abridged Unaudited Financial Statements Period Ended 31 December 2024.