August 16, 2017 9:39 AM ET

Consumer Finance

Company Overview of Bayport Management Limited

Company Overview

Bayport Management Limited, through its subsidiaries, provides retail financial services in the Republic of Mauritius and internationally. The company 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. It also provides money transfer services; savings accounts and flexible deposits; and credit life cover and education protection insurance products. The company serv...

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 Audited Group and Company Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016

Bayport Management Limited reported audited group and company earnings results for the fourth quarter and full year ended December 31, 2016. For the year, on group basis, the company reported net interest income of USD 171,777,871 compared to USD 183,267,712 a year ago. Operating income of USD 198,221,365 compared to USD 212,864,924 a year ago. Profit before taxation of USD 22,202,412 compared to USD 18,763,674 a year ago. Profit for the year of USD 1,750,380 compared to USD 5,595,561 a year ago. Profit for the year attributable to owners of the company of USD 831,839 or USD 0.03 basic and diluted per share compared to USD 7,671,925 or USD 0.28 basic and diluted per share. Net cash used in operating activities of USD 36,382,269 compared to USD 129,045,109 a year ago. Purchase of property, equipment and intangible assets of USD 16,159,891 compared to USD 7,496,338 a year ago. For the year, on company basis, the company reported net interest loss of USD 6,611,212 compared to USD 245,882 a year ago. Operating income was USD 3,177,583 compared to USD 12,862,792 a year ago. Profit before taxation of USD 6,810,780 compared to loss of USD 44,538,454 a year ago. Profit for the year of USD 88,292 compared to loss of USD 94,439,417 a year ago. Profit for the year attributable to owners of the company of USD 88,292 compared to loss of USD 94,439,417 a year ago. Net cash used in operating activities of USD 28,265,282 compared to USD 21,546,395 a year ago. Purchase of property, equipment and intangible assets of USD 51,862 compared to USD 69,272 a year ago.

Bayport Management Limited Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2017; Announces Impairment of Loans and Advances for the First Quarter Ended March 31, 2017

Bayport Management Limited reported unaudited consolidated financial results for the first quarter ended March 31, 2017. For the quarter, interest income was $71,047,963 against $60,770,354 for the same period of last year. Net interest income was $40,409,680 against $34,421,820 for the same period of last year. Operating loss was $55,257,285 against income of $47,284,065 for the same period of last year. Profit before taxation was $6,220,590 against loss before taxation of $875,260 for the same period of last year. Total comprehensive income for the period attributable to owners of the company was $10,121,726 against $6,667,462 for the same period of last year. Diluted earnings per share were $0.06 against loss per share of $0.18 for the same period of last year. Net cash used in operating activities was $20,833,585 against $1,653,782 for the same period of last year. Purchase of property, equipment and intangible assets was $4,217,969 against $2,180,564 a year ago. For the quarter, impairment of loans and advances was $11,885,363 against $12,110,022 for the same period of last year.

Bayport Management Limited Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016

Bayport Management Limited reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported net interest income of USD 38,746,502 compared to USD 37,996,771 a year ago. Operating income of USD 50,138,449 compared to USD 50,587,084 a year ago. Profit before taxation of USD 9,737,735 compared to loss before taxation of USD 19,227,895 a year ago. Profit for the year of USD 5,524,992 compared to loss for the year of USD 21,407,534 a year ago. Profit for the year attributable to owners of the company of USD5 5,920,196 or USD 0.19 basic and diluted per share compared to loss for the year attributable to owners of the company of USD 20,538,740 or USD 0.67 basic and diluted per share. For the year, the company reported net interest income of USD 148,266,536 compared to USD 162,970,691 a year ago. Operating income of USD 195,531,169 compared to USD 212,864,924 a year ago. Profit before taxation of USD 27,376,487 compared to USD 18,763,674 a year ago. Profit for the year of USD 10,822,683 compared to USD 5,595,561 a year ago. Profit for the year attributable to owners of the company of USD5 10,578,571 or USD 0.34 basic and diluted per share compared to USD 7,671,925 or USD 0.28 basic and diluted per share. Net cash used in operating activities of USD 38,175,609 compared to USD 123,142,703 a year ago. Purchase of property, equipment and intangible assets of USD 13,298,277 compared to USD 7,496,338 a year ago.

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