Compagnie Immobiliere Limitee 2022 IR
The report highlights Compagnie Immobilière Limitée's (CIL) performance and strategic restructuring for the fiscal year ended December 31, 2022. During this milestone year, CIL transitioned from a single-asset company to a diversified multi-asset portfolio by acquiring Multi-Channel Retail Limited (MCR), which expanded its gross leasable area from 5,046 sqm to 27,044 sqm and introduced data centres as a new asset class. The company also completed the redevelopment of the retail section of its flagship historical property, Les Arcades Currimjee, incorporating sustainability features such as LED lighting, solar PV systems, and rainwater harvesting. Financially, CIL recorded a significant revenue increase to Rs 38.6 million and a profit after tax of Rs 49.1 million, achieving the best market-mover status on the Development Enterprise Market.
Company: Compagnie Immobiliere Limitee
Sector: Financials
Country: Mauritius
Year: 2022
Type: IR
Pages: 69
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Compagnie Immobiliere Limitee
Integrated Report
The report highlights Compagnie Immobilière Limitée's (CIL) performance and strategic restructuring for the fiscal year ended December 31, 2022. During this milestone year, CIL transitioned from a single-asset company to a diversified multi-asset portfolio by acquiring Multi-Channel Retail Limited (MCR), which expanded its gross leasable area from 5,046 sqm to 27,044 sqm and introduced data centres as a new asset class. The company also completed the redevelopment of the retail section of its flagship historical property, Les Arcades Currimjee, incorporating sustainability features such as LED lighting, solar PV systems, and rainwater harvesting. Financially, CIL recorded a significant revenue increase to Rs 38.6 million and a profit after tax of Rs 49.1 million, achieving the best market-mover status on the Development Enterprise Market.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Published
Jun 8, 2023
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board