September 27, 2016 4:05 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; micro asset and group finance products; and personal loans. The company also provides person-to-person money transfer services; savings accounts; and credit life cover and education protection insurance products. In addition, it offers cellular handsets and related prod...

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

Bayport Management Limited does not have any Key Executives recorded.

Bayport Management Limited Key Developments

Bayport Management Limited Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2016; Announces Impairment of Loans and Advances for the Second Quarter of 2016

Bayport Management Limited reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2016. For the quarter, interest income was $66,383,215 against $68,270,788 for the same period of last year. Net interest income was $37,986,706 against $41,077,205 for the same period of last year. Operating income was $49,099,156 against $52,075,175 for the same period of last year. Profit before taxation was $17,604,264 against profit before taxation of $5,817,864 for the same period of last year. Profit for the period attributable to owners of the company was $12,646,485 against profit period attributable to owners of the company of $3,082,729 for the same period of last year. Diluted earnings per share were $0.41 against $0.12 for the same period of last year. For the six months, interest income was $127,153,441 against $139,249,322 for the same period of last year. Net interest income was $72,502,084 against $84,716,567 for the same period of last year. Operating income was $96,383,107 against $109,941,620 for the same period of last year. Profit before taxation was $16,729,140 against profit before taxation of $26,207,429 for the same period of last year. Profit for the period attributable to owners of the company was $7,135,092 against profit period attributable to owners of the company of $20,230,265 for the same period of last year. Diluted earnings per share were $0.23 against $0.81 for the same period of last year. Net cash used in operating activities was $20,964,571 against $58,689,892 for the same period of last year. Purchase of property, equipment and intangible assets was $4,951,979 against $2,841,989 a year ago. For the quarter, the company announced impairment of loans and advances of $9,796,110 against $8,610,490 a year ago.

Bayport Management Limited Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2016; Announces Impairment of Loans and Advances for the First Quarter Ended March 31, 2016

Bayport Management Limited reported unaudited consolidated financial results for the first quarter ended March 31, 2016. For the quarter, interest income was $60,770,000 against $70,978,000 for the same period of last year. Net interest income was $34,421,000 against $43,639,000 for the same period of last year. Operating income was $47,284,000 against $57,866,000 for the same period of last year. Loss before taxation was $875,000 against profit before taxation of $20,389,000 for the same period of last year. Loss for the period attributable to owners of the company was $5,511,000 against profit period attributable to owners of the company of $17,147,000 for the same period of last year. Diluted loss per share was $0.18 against earnings per share of $0.71 for the same period of last year. Net cash used in operating activities was $1,654,000 against $7,789,000 for the same period of last year. Purchase of property, equipment and intangible assets was $2,180,564 against $1,841,449 a year ago. For the quarter, impairment of loans and advances was $12,110,000 against $12,509,000 for the same period of last year.

Bayport Management Limited Reports Parent Earnings Results for the Full Year Ended December 31, 2015

Bayport Management Limited reported Parent earnings results for the full year ended December 31, 2015. For the year, the parent company reported interest income of $45.9 million, net interest loss of $0.25 million, operating income of $12.9 million, loss before taxation of $86.9 million and loss attributable to owners of the company of $94.4 million. Net cash used in operating activities was $21.5 million and purchase of property, equipment and intangible assets was of $0.7 million.

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