July 28, 2016 8:57 PM ET

Diversified Financial Services

Company Overview of CIM Financial Services Ltd.

Company Overview

Cim Financial Services Limited 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 captive insurance products, and IT related services. The company is also...

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 Ltd.

CIM Financial Services Ltd. does not have any Key Executives recorded.

CIM Financial Services Ltd. Key Developments

CIM Financial Services Ltd. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended March 31, 2016

CIM Financial Services Ltd. reported unaudited earnings results for the second quarter and six months ended March 31, 2016. For the quarter, the company reported revenue of MUR 578.8 million compared to MUR 892.6 million a year ago. Profit before taxation was MUR 182.3 million compared to MUR 203.7 million a year ago. Profit attributable to owners of the parent was MUR 154.1 million or MUR 0.23 per share compared to MUR 172.1 million or MUR 0.26 per share a year ago. For the six months period, the company reported revenue of MUR 1,123.6 million compared to MUR 2,020.9 million a year ago. Profit before taxation was MUR 340.3 million compared to MUR 357.4 million a year ago. Profit attributable to owners of the parent was MUR 337.1 million or MUR 0.50 per share compared to MUR 304.1 million or MUR 0.45 per share a year ago. Net cash used in operating activities was MUR 892.0 million compared to MUR 25.2 million a year ago.

Teresa Clarke Joins Cim Financial Services' Board of Directors

Cim Financial Services Ltd. announced that Teresa Clarke, founding chairman and CEO of Africa.com, has been elected to Cim Financial Services' board of directors. Clarke founded Africa.com in 2010, and has driven it to be one of the Africa-related websites providing news and information on all 54 countries in Africa. Previously she served as a managing director in the investment banking division of Goldman Sachs, where she led corporate finance and merger transactions for Fortune 500 companies. She continues to serve on President Obama's Advisory Council on Doing Business in Africa, and the boards of the Student Sponsorship Programme of South Africa, Friends of the Legal Resources Centre (South Africa), and the African Leadership Network. She is a member of the Council on Foreign Relations.

CIM Financial Services Ltd. Announces Audited Earnings Results for the Year Ended September 30, 2015

CIM Financial Services Ltd. announced audited earnings results for the year ended September 30, 2015. For the year, the company announced revenue of MUR 4,103.8 million compared to MUR 3,501.7 million for the same period a year ago. Profit from operations was MUR 942.2 million compared to MUR 817.3 million for the same period a year ago. Profit before taxation was MUR 678.2 million compared to MUR 695.2 million for the same period a year ago. Profit for the year was MUR 567.7 million compared to MUR 598.5 million for the same period a year ago. Profit attributable to owners of the parent company was MUR 574.9 million compared to MUR 604.3 million for the same period a year ago. Earnings per share were MUR 0.84 compared to MUR 0.89 for the same period a year ago. Net cash flow generated from operating activities was MUR 414.1 million compared to MUR 98.9 million for the same period a year ago.

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