August 21, 2014 5:34 PM ET

Consumer Finance

Company Overview of Bayport Management Limited

Company Overview

Bayport Management Limited provides retail financial services in Mauritius. It offers short-term loans for emergency bridging or medical expenses, funerals, agriculture/crop planting, debt consolidation, and building inventory for trading and lifestyle-enhancing purchases; medium-term loans for education fees, crop planting and acquisition of livestock, business loans, and household assets; and long-term loans to finance vehicles, homes, or business ventures. The company also provides person-to-person money transfer; savings accounts; and insurance services. The company serves its clients through a network of branches in Botswana, Ghana, Mozambique, South Africa, Tanzania, Uganda, Zambia, an...

Ebene Skies

3rd Floor

Rue de L'Institut

Ebene,  

Mauritius

Founded in 2001

Phone:

230 465 1605

Fax:

230 465 1606

Key Executives for Bayport Management Limited

Chief Executive and Executive Director
Age: 43
Chief Financial Officer and Group Finance Manager
Age: 40
Executive Director
Age: 45
Head of IT and Product Development
Age: 44
Chief Technology Officer
Age: 45
Compensation as of Fiscal Year 2014.

Bayport Management Limited Key Developments

Bayport Management Limited Reports Audited Group and Company Earnings Results for the Year Ended March 31, 2014

Bayport Management Limited reported audited group and company earnings results for the year ended March 31, 2014. For the year, the group reported net interest income of $126,380,562 against $98,606,419 a year ago. Net operating income was $129,471,481 against $103,998,488 a year ago. Profit before taxation was $47,324,900 against $43,137,621 a year ago. Profit from continuing operations was $29,289,380 or $1.46 per basic and diluted share against $26,214,270 or $1.38 per diluted share a year ago. Profit attributable to owners of the company was $26,400,461 or $1.46 per basic and diluted share against $20,306,112 or $1.26 per diluted share a year ago. Net cash used in operating activities was $107,522,508 against $92,547,900 a year ago. Purchases of property, plant and equipment and intangibles were $4,602,427 against $5,483,379 a year ago. For the year, the company reported net interest loss of $3,916,079 against $3,855,548 a year ago. Net operating income was $3,776,055 against $7,689,777 a year ago. Loss before taxation was $2,956,198 against profit before tax $1,626,957 a year ago. Loss from continuing operations was $7,262,811 against $1,458,456 a year ago. Loss attributable to owners of the company was $7,262,811 against $4,596,503 a year ago. Net cash used in operating activities was $10,556,777 against net cash generated from operating activities of $1,655,733,900 a year ago. Purchases of property, plant and equipment and intangibles were $64,389 against $1,237,106 a year ago.

Bayport Management Limited Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2014; Reports Impairment of Loans and Advances for the First Quarter Ended June 30, 2014

Bayport Management Limited reported unaudited consolidated earnings results for the first quarter ended June 30, 2014. For the quarter, the company reported net interest income of USD 46,681,850 against USD 26,177,584 a year ago. Net operating income was USD 40,701,731 against USD 27,606,534 a year ago. Profit before taxation was USD 18,818,423 against USD 21,713,011 a year ago. Profit for the period attributable to owners of the company was USD 15,605,754 or USD 0.64 per basic and diluted share against USD 16,910,047 or USD 1.04 per basic and diluted share a year ago. Net cash used in from operating activities was USD 41,132,557 against USD 29,322,986 a year ago. Purchases of property, plant and equipment and intangibles were USD 610,173 against USD 914,325 a year ago. For the quarter, the company reported impairment of loans and advances of USD 20,987,992 against USD 2,091,291 a year ago.

Bayport Management Limited Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended March 31, 2014

Bayport Management Limited announced unaudited consolidated earnings results for the fourth quarter and year ended March 31, 2014. For the quarter, the company reported net interest income of $47,432,608 against $26,102,102 a year ago. Net operating income was $46,357,063 against $27,716,606 a year ago. Profit before taxation was $15,008,767 against $10,649,065 a year ago. Profit attributable to owners of the company was $10,692,294 or $0.59 per basic and diluted share against $5,368,724 or $0.36 per basic and diluted share a year ago. Profit from continuing operations was $10,714,820 or $0.59 per basic and diluted share against $6,305,284 or $0.37 per basic and diluted share a year ago. For the full year, the company reported net interest income of $126,572,563 against $99,862,552 a year ago. Net operating income was $129,640,279 against $105,254,621 a year ago. Profit before taxation was $47,496,006 against $43,137,621 a year ago. Profit attributable to owners of the company was $26,591,713 or $1.47 per basic and diluted share against $20,306,112 or $1.26 per diluted share a year ago. Profit from continuing operations was $29,464,963 or $1.47 per diluted share against $26,214,270 or $1.38 per basic and diluted share a year ago. Net cash used in operating activities was $106,489,400 against $92,014,658 a year ago. Purchases of property, plant and equipment and intangibles were $4,550,196 against $5,483,379 a year ago.

Similar Private Companies By Industry

Company Name Region
The Mauritius Leasing Company Limited Middle East/Africa
Alternative Investment Strategies Mauritius Ltd. Middle East/Africa
Bayport Management Limited Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 23, 2013
Bayport Financial Services 2010 (proprietary) Limited And Zenthyme Investments Proprietary Limited
 

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