Annual Report 2017

A major achievement during the year was the sale of Cim Global to Luxembourg-headquartered SGG Group for approximately MUR 3.2 billion (USD 90 million), representing a profit on disposal of MUR 2.5 billion.

The decision to sell Cim Global was made with the recognition of the consolidation internationally in the Global Business sector and the decision to focus our development plans on our finance and property businesses. We believe that the arrival of another major international player in the Mauritius Global Business sector represents a major vote of confidence in the attractiveness of the jurisdiction, and brings not only a significant piece of FDI to the country but also the opportunity to expand the range of services offered to multinational clients.

The Group has had a very satisfactory year financially. Group income before discontinued operations grew by 12% to MUR 1.6 billion and profit from continuing operations before fair value adjustments and foreign exchange losses by 7% to MUR 368 million.

Extract from Group CEO'S Outlook

 

Annual Report 2017

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Pages 02 – 03 Group Structure - Download
Pages 04 – 05  Financial Highlights - Download
Pages 08 – 10 Chairman's Message - Download
Pages 11 - 12 Group CEO's Outlook Download
Pages 13 – 21 Directors' and Senior Executives' Profiles - Download
Pages 22 – 29 Business review Download
Pages 30 – 38 Corporate Governance Report - Download
Pages 39 – 42 Human Resource - Download
Pages 43 – 46 Corporate Social Responsibility - Download
Pages 47 – 55 Internal Control and Risk Management - Download
Pages 56 – 59 Other Statutory Disclosures / Directors' Report / Secretary's Certificate / Statement of Compliance - Download
Pages 60 – 154 - Financial Statements (Independent Auditors' Report / Financial Statements / Directors of Subsidiary Companies) - Download

 

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