CIM Financial Services Ltd 2020 IR
The report highlights CIM Financial Services Ltd's strategic focus on digital transformation during the fiscal year 2020, notably with the launch of its mobile finance application, Mo Finans, and the implementation of e-contracts. Despite the economic challenges of the COVID-19 pandemic, the company achieved a net operating income of MUR 2,082 million, representing a 15% increase, although profit after tax decreased by 48% due to higher provisioning. The group also completed a significant corporate amalgamation to simplify its structure and successfully raised MUR 3.0 billion through its second bond programme. Additionally, the company continued its corporate social responsibility initiatives, including the Cité CIM housing reconstruction project.
Company: CIM Financial Services Ltd
Sector: Financials
Country: Mauritius
Year: 2020
Type: IR
Pages: 164
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CIM Financial Services Ltd
Integrated Report
The report highlights CIM Financial Services Ltd's strategic focus on digital transformation during the fiscal year 2020, notably with the launch of its mobile finance application, Mo Finans, and the implementation of e-contracts. Despite the economic challenges of the COVID-19 pandemic, the company achieved a net operating income of MUR 2,082 million, representing a 15% increase, although profit after tax decreased by 48% due to higher provisioning. The group also completed a significant corporate amalgamation to simplify its structure and successfully raised MUR 3.0 billion through its second bond programme. Additionally, the company continued its corporate social responsibility initiatives, including the Cité CIM housing reconstruction project.
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Document Details
Report Year
2020
Reporting Period
Oct 1, 2019 - Sep 30, 2020
Fiscal Year
2020
Published
Dec 28, 2020
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees