January 26, 2015 6:15 AM ET

Consumer Finance

Company Overview of Bayport Management Limited

Company Overview

Bayport Management Limited, through its subsidiaries, provides retail financial services in Mauritius. It offers short term loans for medical bills, funerals, weddings, family events, and pay off debts, as well as for farming and crop planting; medium term loans to pay school fees, purchase farming products, start or grow a business, and furnish homes; long term loans to buy car and house, as well as for business investments; working capital loans; and personal loans. The company also provides person-to-person money transfer services; savings accounts; and credit life cover, education protection, funeral, and personal accident insurance products. In addition, it offers cellular handsets and ...

Ebene Skies

3rd Floor

Rue de L'Institut

Ebene,  

Mauritius

Founded in 2001

Phone:

230 465 1605

Fax:

230 465 1606

Key Executives for Bayport Management Limited

Joint Chief Executive Officer and Executive Director
Age: 43
Joint Chief Executive Officer and Executive Director
Age: 45
Chief Financial Officer and Group Finance Manager
Age: 40
Head of IT and Product Development
Age: 44
Chief Technology Officer
Age: 45
Compensation as of Fiscal Year 2014.

Bayport Management Limited Key Developments

Bayport Management Limited Reports Unaudited Condensed Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2014

Bayport Management Limited reported unaudited condensed consolidated earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company has posted net interest income of $47,699,630 against $26,957,655 a year ago. Net operating income was $38,126,089 against $28,135,969 a year ago. Profit before taxation was $29,223,165 against $962,765 a year ago. Profit for the period attributable to owners of the company was $27,193,424 or $1.12 diluted per share against loss for the period attributable to owners of the company was $4,874,857 or $0.30 diluted per share a year ago. For the nine months, the company has posted net interest income of $94,381,480 against $53,135, 237 a year ago. Net operating income was $78,827,820 against $55,742,501 a year ago. Profit before taxation was $48,041,588 against $22,675,776 a year ago. Profit for the period attributable to owners of the company was $42,799,178 or $1.76 diluted per share against $12,035,190 or $0.74 diluted per share a year ago. Net cash used in operating activities was $66,053,498 against $46,060,856 a year ago. Purchase of property, equipment and intangible assets was $2,285,171 against $1,983,002 a year ago.

Bayport Management Limited Reports Audited Group and Company Earnings Results for the Year Ended March 31, 2014

Bayport Management Limited reported audited group and company earnings results for the year ended March 31, 2014. For the year, the group reported net interest income of $126,380,562 against $98,606,419 a year ago. Net operating income was $129,471,481 against $103,998,488 a year ago. Profit before taxation was $47,324,900 against $43,137,621 a year ago. Profit from continuing operations was $29,289,380 or $1.46 per basic and diluted share against $26,214,270 or $1.38 per diluted share a year ago. Profit attributable to owners of the company was $26,400,461 or $1.46 per basic and diluted share against $20,306,112 or $1.26 per diluted share a year ago. Net cash used in operating activities was $107,522,508 against $92,547,900 a year ago. Purchases of property, plant and equipment and intangibles were $4,602,427 against $5,483,379 a year ago. For the year, the company reported net interest loss of $3,916,079 against $3,855,548 a year ago. Net operating income was $3,776,055 against $7,689,777 a year ago. Loss before taxation was $2,956,198 against profit before tax $1,626,957 a year ago. Loss from continuing operations was $7,262,811 against $1,458,456 a year ago. Loss attributable to owners of the company was $7,262,811 against $4,596,503 a year ago. Net cash used in operating activities was $10,556,777 against net cash generated from operating activities of $1,655,733,900 a year ago. Purchases of property, plant and equipment and intangibles were $64,389 against $1,237,106 a year ago.

Bayport Management Limited Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2014; Reports Impairment of Loans and Advances for the First Quarter Ended June 30, 2014

Bayport Management Limited reported unaudited consolidated earnings results for the first quarter ended June 30, 2014. For the quarter, the company reported net interest income of USD 46,681,850 against USD 26,177,584 a year ago. Net operating income was USD 40,701,731 against USD 27,606,534 a year ago. Profit before taxation was USD 18,818,423 against USD 21,713,011 a year ago. Profit for the period attributable to owners of the company was USD 15,605,754 or USD 0.64 per basic and diluted share against USD 16,910,047 or USD 1.04 per basic and diluted share a year ago. Net cash used in from operating activities was USD 41,132,557 against USD 29,322,986 a year ago. Purchases of property, plant and equipment and intangibles were USD 610,173 against USD 914,325 a year ago. For the quarter, the company reported impairment of loans and advances of USD 20,987,992 against USD 2,091,291 a year ago.

Similar Private Companies By Industry

Company Name Region
Bayport Management Limited Middle East/Africa
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Alternative Investment Strategies Mauritius Ltd. Middle East/Africa

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