Key Factors
- CIEL Restricted’s revenue surged 17% to MUR5.038 billion ($109.3 million) for the fiscal 12 months ending June 30, 2024.
- 2024 income held regular at MUR35.2 billion ($763.4 million), regardless of challenges within the textile section.
- Complete belongings rose to MUR105.85 billion ($2.3 billion), pushed by sturdy efficiency in finance, healthcare, and hospitality clusters.
CIEL Restricted, a Mauritian conglomerate led by businessman Arnaud Dalais, reported a resilient monetary efficiency for the fiscal year ending June 30, 2024.
The group’s revenue surged 17 % to MUR5.038 billion ($109.3 million), building on momentum from 2023 when revenue almost doubled from MUR2.15 billion ($46.63 million) to MUR4.3 billion ($93.26 million).
The expansion was fueled by disciplined price administration throughout the group’s enterprise clusters, solidifying its standing as one of many largest and most worthwhile conglomerates in Mauritius.
Income stabilizes regardless of regional headwinds
CIEL’s 2024 income remained regular at MUR35.2 billion ($763.4 million), near the MUR35.4 billion ($767.7 million) recorded within the prior fiscal 12 months.
Positive factors within the group’s finance, lodges & resorts, and healthcare segments helped offset challenges within the textile cluster, which confronted headwinds from a softer working atmosphere within the area.
The diversified group maintains operations throughout 10 rising and growing markets in Africa and Asia, with investments spanning 5 core clusters: finance, healthcare, textiles, lodges & resorts, and property.
Arnaud Dalais’ stake and asset development
CIEL Chairman Arnaud Dalais, who holds an 8.2 % stake within the group, equal to 138.69 million peculiar shares, continues to steer the corporate by way of strong monetary milestones.
Beneath Dalais’ management, CIEL’s complete belongings rose to MUR105.85 billion ($2.3 billion), up from MUR98.06 billion ($2.12 billion) a 12 months earlier, reinforcing its standing amongst Mauritius’ high conglomerates.
The group’s complete fairness grew 12 % to MUR33.72 billion ($731.3 million) by the top of June 2024, in comparison with MUR30.05 billion ($652 million) a 12 months earlier.
As a reward for shareholders, CIEL’s board authorized a dividend of MUR0.32 ($0.00694) per share, a 14 % improve from the earlier 12 months’s payout of MUR0.28 ($0.00607).