• CIEL Limited reports results for the first semester 2015-2016

    16 Feb 2016

    Effective portfolio diversification partly mitigated impact of non-recurring expenses

    In the first six months ended 31 December 2015, Group revenue increased by 11% to MUR 9.4 billion compared to same period last year. Group profits before non-recurring items and taxes totalled
     MUR 840 million, down 14% versus the first half last year.

    The Group's portfolio diversification strategy helped to partly mitigate the negative impact of Sun Limited’s financial results and lower contribution from the Agro and Property cluster whilst the Textile, Finance and Healthcare clusters have improved their performances.

    CIEL continues to grow organically and through acquisitions and pursues its development on the international front. In particular, CIEL Healthcare Ltd has opened up its capital to renowned financial institutions (Proparco and International Finance Corporation) and is further rolling out its regional strategy by investing in and managing the leading private hospital in Nigeria.