For the period ended 31 Mar 2023, CFSL’s bottom line result amounted to MUR 413.9M. The performance over the period has been encouraging with asset growth driving the revenue line. However, in an environment where key base rate is on the ascent, CFSL’s cost of funds has also been on the rise.

Dividend
The Board has declared an interim dividend of MUR 0.18 per share. This dividend is in respect of the financial year ending 30 September 2023 and will be payable in full to all shareholders of the Company holding ordinary shares registered at close of business on 30 May 2023.

The payment of this dividend will take place on or about 14 June 2023. The shares of the Company will be traded cum-dividend on the Stock Exchange up to the market day of 25 May 2023 and ex-dividend as from 26 May 2023.

Outlook
CFSL expects its results to be impacted by tightening margins over the coming months as financing cost follows the upward trend. The Board will adopt continued prudence in managing its baseline cost and loan portfolio.

By Order of the Board
Cim Administrators Ltd
Company Secretary
11 May 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 CIM Financial Services Ltd.

Click here to view abridged unaudited financial statements for the period Ended 31 March 2023.

The Board of Directors of CIM Financial Services Ltd (‘CFSL’) accepts full responsibility for the accuracy of the information contained therein.