May 26, 2017 6:51 PM ET

Diversified Financial Services

Company Overview of Cim Financial Services Limited

Company Overview

Cim Financial Services Ltd engages in finance, property, and investment businesses in Mauritius. The company’s Global Business segment offers corporate and fund administration, tax structuring, trusts, corporate secretarial, and compliance outsourcing services. Its Finance segment provides consumer credit, leasing, credit card acquiring and issuing, factoring, deposit taking, and foreign exchange dealing services. The company’s Property segment manages and rents office and commercial properties, and land assets. Its Investments segment imports and distributes consumer electronics and household appliances; and offers IT related services. The company also provides management and consultancy, i...

33, Edith Cavell Street

Port Louis,  11324

Mauritius

Founded in 2005

Phone:

230 213 7676

Fax:

230 213 7677

Key Executives for Cim Financial Services Limited

Cim Financial Services Limited does not have any Key Executives recorded.

Cim Financial Services Limited Key Developments

Cim Financial Services Limited expected to report Q2 2017 results on May 19, 2017. This event was calculated by Capital IQ (Created on May 13, 2017).

Cim Financial Services Limited expected to report Q2 2017 results on May 19, 2017. This event was calculated by Capital IQ (Created on May 13, 2017).

Cim Financial Services Limited Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended March 31, 2017

Cim Financial Services Limited announced unaudited earnings results for the second quarter and six months ended March 31, 2017. For the quarter, the company reported net interest income of MUR 173.8 million compared to MUR 135.2 million a year ago. Net operating income was MUR 360.6 million compared to MUR 300.6 million a year ago. Operating profit before impairment was MUR 137.9 million compared to MUR 124.1 million a year ago. Operating profit was MUR 100.6 million compared to MUR 91.4 million a year ago. Profit before taxation from continuing operations was MUR 100.6 million compared to MUR 115.1 million a year ago. Profit for the period from continuing operations was MUR 78.1 million or MUR 0.11 per share compared to MUR 94.3 million or MUR 0.14 per share a year ago. Profit for the period was MUR 145.7 million compared to MUR 152.2 million a year ago. Profit attributable to owners of the parent was MUR 148.7 million or MUR 0.20 per share compared to MUR 154.1 million or MUR 0.23 per share a year ago. Net operating income from continuing operations has shown a 19.6% increase over the corresponding quarter last year with healthy increases in both the Finance and Property clusters. For the six months, the company reported net interest income of MUR 330.7 million compared to MUR 254.3 million a year ago. Net operating income was MUR 695.4 million compared to MUR 592.5 million a year ago. Operating profit before impairment was MUR 276.5 million compared to MUR 251.6 million a year ago. Operating profit was MUR 198.2 million compared to MUR 182.5 million a year ago. Profit before taxation from continuing operations was MUR 203.6 million compared to MUR 257.8 million a year ago. Profit for the period from continuing operations was MUR 158.6 million or MUR 0.23 per share compared to MUR 221.4 million or MUR 0.33 per share a year ago. Profit for the period was MUR 284.9 million compared to MUR 333.2 million a year ago. Profit attributable to owners of the parent was MUR 291.0 million or MUR 0.42 per share compared to MUR 337.1 million or MUR 0.50 per share a year ago. Net cash flow used in operating activities was MUR 920.7 million compared to MUR 892.0 million a year ago.

CIM Financial Services Ltd. Announces Audited Earnings Results for the Year Ended September 30, 2016

CIM Financial Services Ltd. announced audited earnings results for the year ended September 30, 2016. For the year, the company announced net interest income of MUR 527.3 million compared to MUR 472.5 million for the same period a year ago. Net operating income was MUR 2,077.9 million compared to MUR 3,870.3 million for the same period a year ago. Operating profit was MUR 691.9 million compared to MUR 670.7 million for the same period a year ago. Profit before taxation was MUR 776.3 million compared to MUR 678.2 million for the same period a year ago. Profit attributable to owners of the parent company was MUR 671.2 million compared to MUR 574.9 million for the same period a year ago. Loss per share (adjusted for non-recurring items) were MUR 0.89 compared to earnings per share (adjusted for non-recurring items) of MUR 0.84 for the same period a year ago. Net cash used in operating activities was MUR 819.3 million compared to net cash from operating activities of MUR 738.5 million for the same period a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 13, 2017
Cim Global Business
 

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