• CIEL Limited reports financial results for the first half year ended 31 December 2016

    16 Feb 2017

    CIEL Group delivered good organic growth and improving profitability in the first half year ended 31 December 2016. At MUR 10.04 billion, year-on-year Group revenue growth was 7%, while Earnings Before Interest, Tax, Depreciation & Amortisation (‘EBITDA’) rose by 12% to MUR 1.54 billion. This led to an EBITDA margin of 15.4%, a 0.7 percentage point gain over the comparable prior year period. Consequently, Group Profit After Tax (‘PAT’) stood at MUR 671M, up by MUR 278M from the first half 2015-16 while Group profit attributable to ordinary shareholders was up by MUR 119M, reaching MUR 268M for the semester under review.