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  • CIEL Limited reports unaudited financial performance for the first quarter ended 30 September 2014

    14 Nov 2014

    CIEL Limited reports unaudited financial performance for the first quarter ended 30 September 2014 

    •  Group Consolidated Revenue: MUR 4.2bn 
    •  Group Profit Before Exceptional Items And Tax : MUR 252m 
    • Market Capitalisation as at 30 September 2014: MUR 10.8bn 

     

    Overview 

    CIEL Limited presents today its unaudited figures for the quarter ended 30 September 2014 with group consolidated revenue of MUR 4.2bn. The consolidation reflects since 1st July 2014 BNI Madagascar and Sun Resorts as subsidiaries amongst others. 

    The Company Net Asset Value per share has grown by 4.7% over the period under review. The Company’s Share price has picked up 12% since the beginning of the financial year, with much improved liquidity on the stock. 

    During the first quarter, the Group sold its 20% stake in Constance Hotels Services Limited resulting into a net profit on disposal of 177 million Mauritian rupees at Company level. In addition, CIEL increased its stake in The Medical & Surgical Centre Limited through CIEL Healthcare Limited triggering a mandatory offer under the Securities (Takeover) Rules 2010. 

     

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