For the half-year ended 31 March 2024, CIM Financial Services Ltd’s bottom line amounted to MUR 476.7M. With the retail and automobile sectors showing resilience on the local front, we benefited from a continued positive traction in the Consumer Finance and Leasing segments over the semester, translating into improved revenue line and asset base. Collection trends have also been consistently encouraging month-on-month.
Dividend declaration
The Board has declared an interim dividend of MUR 0.21 per share. This dividend is in respect of the financial year ending 30 September 2024 and will be payable in full to all shareholders of the Company holding ordinary shares registered at close of business on 03 June 2024.
The payment of this dividend will take place on or about 18 June 2024. The shares of the Company will be traded cum-dividend on the Stock Exchange up to the market day of 29 May 2024 and ex-dividend as from 30 May 2024.
Outlook
Although there is a positive momentum in the retail and vehicle leasing sectors, the Group continues to be impacted by tighter margins due to pressure on finance costs.
In this context, the Board will continue to exercise prudence in managing the Group’s cost base and loan portfolio.
By Order of the Board
Cim Administrators Ltd
Company Secretary
15 May 2024
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 2023, 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 abridged unaudited financial statements for the period ended 31 March 2024.
