May 26, 2016 2:54 AM ET

Consumer Finance

Company Overview of Bayport Management Limited

Company Overview

Bayport Management Limited provides financial services. 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; and long term loans to buy car and house, as well as for business investments. The company also provides loans to government and employees of private companies; cash loans to salaried government employees; and transacting services, insurance, and savings options. It serves customers through a network of branches in Botswana, Ghana, Mozambique, South Africa, Tanzania, Uganda, Zambia, Colomb...

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 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.

Bayport Management Limited Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Reports Impairment Charges for Fourth Quarter of 2015

Bayport Management Limited reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported interest income of $64,098,058 compared to $76,210,656 a year ago. Net interest income was of $37,996,771 compared to $47,720,603 a year ago. Operating income was $50,587,084 compared to $62,161,319 a year ago. Loss before taxation was $19,227,895 compared to $727,884 a year ago. Loss attributable to owners of the company was of $20,538,740 or $0.67 per diluted share compared to $528,015 or $0.02 per diluted share a year ago. For the year, the company reported interest income of $269,679,250 compared to $294,178,065 a year ago. Net interest income was of $162,970,691 compared to $189,442,014 a year ago. Operating income was $212,864,924 compared to $255,186,251 a year ago. Profit before taxation was $18,763,674 compared to $49,413,186 a year ago. Profit attributable to owners of the company was of $7,671,925 or $0.28 per diluted share compared to $40,079,393 or $1.66 per diluted share a year ago. Net cash used in operating activities was $123,142,703 compared to $135,019,924 a year ago. Purchase of property, equipment and intangible assets was of $7,496,338 compared to $6,638,098 a year ago. The company reported impairment of loans and advances of $33,606,972 for the fourth quarter of 2015 compared to $27,161,058 a year ago.

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