CIM Finance’s profits grow by over 50% in 9 months

CIM Finance has posted profits of Rs187million for the quarter ended 30 June 2022, compared to Rs115million a year before.

Profits for the 9 months ended 30 June 2022 were R438.2million , after an allowance for credit impairment, compared to Rs289.6million for the same period in 2021.

In its Abridged Unaudited Financial Statements just published, CIM Finance said progress was noted at the revenue level with respect to the previous year resulting from an increase in asset base and following the recent acquisition of Tsusho Capital.

Total Assets of the Group sat at Rs19.2Billion as at end June 2022.