Medine Ltd 2024 IR
The report highlights Medine Limited's strong performance for the fiscal year 2023-2024, with total income reaching a record Rs 5.5 billion and EBITDA rising to Rs 1.5 billion. The group achieved its third consecutive year of record profits, driven by robust performances in property operations, agriculture, and leisure. Key milestones included launching major build-to-lease projects like the Cascavelle Hospital and Cascavelle Mall extension, alongside refreshing the long-term strategic masterplan for its landbank. Additionally, the group significantly reduced its net debt to Rs 4 billion, strengthening its balance sheet and positioning itself for accelerated growth.
Company: Medine Ltd
Sector: Consumer Staples
Country: Mauritius
Year: 2024
Type: IR
Pages: 228
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Medine Ltd
Integrated Report
The report highlights Medine Limited's strong performance for the fiscal year 2023-2024, with total income reaching a record Rs 5.5 billion and EBITDA rising to Rs 1.5 billion. The group achieved its third consecutive year of record profits, driven by robust performances in property operations, agriculture, and leisure. Key milestones included launching major build-to-lease projects like the Cascavelle Hospital and Cascavelle Mall extension, alongside refreshing the long-term strategic masterplan for its landbank. Additionally, the group significantly reduced its net debt to Rs 4 billion, strengthening its balance sheet and positioning itself for accelerated growth.
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Document Details
Report Year
2024
Reporting Period
Jul 1, 2023 - Jun 30, 2024
Fiscal Year
2024
Published
Sep 25, 2024
Type
Integrated Report
Language
English
Pages
File Size
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Reporting Standards
Materiality Assessment
Assurance
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Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
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