{"id":17153,"date":"2022-06-26T08:21:39","date_gmt":"2022-06-26T08:21:39","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/mauritius-listed-ciel-limited-marks-its-110th-anniversary-with-a-revenue-increase-of-over-50-2"},"modified":"2022-06-26T10:35:22","modified_gmt":"2022-06-26T10:35:22","slug":"mauritius-listed-ciel-limited-marks-its-110th-anniversary-with-a-revenue-increase-of-over-50-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/mauritius-listed-ciel-limited-marks-its-110th-anniversary-with-a-revenue-increase-of-over-50-2","title":{"rendered":"MAURITIUS-LISTED CIEL LIMITED MARKS ITS 110TH ANNIVERSARY WITH A REVENUE INCREASE OF OVER 50%"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mauritius. <\/strong><\/span>LONDON and PARIS, June 20, 2022 \/PRNewswire\/ &#8212; Mauritius-listed African investment company <a href=\"https:\/\/www.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;cielgroup.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;com\/\">CIEL Limited <\/a>(CIEL.<br \/>\nN0000) delivered its best year-to-date results since the COVID-19 pandemic, surpassing its previous performance just as it celebrates its 110th anniversary.<br \/>\nIn the nine months to 31 March 2022, CIEL&#8217;s revenue grew 51% to USD 475 million, with an EBITDA margin increasing to 16.8% from 12.2% in the prior-year period.<br \/>\nCIEL, listed on the Stock Exchange of Mauritius and the SEM Sustainability Index, has investments in over 25 companies across six clusters (TEXTILE, FINANCE, HEALTHCARE, HOTELS &amp; RESORTS, PROPERTIES, and AGRO-BUSINESS).<br \/>\n&#8220;Our diversified portfolio has proven its strength through the most uncertain times, and now, CIEL is ready to undertake future challenges successfully,&#8221; remarks Jean-Pierre Dalais, <a href=\"https:\/\/www.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;cielgroup.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;com\/en\/about\/executive-team\">Group Chief Executive<\/a>, who has led the company since 2017.<br \/>\n<a name=\"sda-INARTICLE\"><\/a>CIEL is headquartered in Mauritius and operates <a href=\"https:\/\/www.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;cielgroup.&lt;br&gt;&lt;\/p&gt;&lt;p&gt;com\/en\/about\/the-group\">across 10 markets in Africa and Asia<\/a>, earning 60% of its revenue in USD and EUR, generating strong cash reserves in foreign currencies.<\/p>\n<p>CIEL has leveraged its market position by crafting and executing robust business plans and nurturing and developing companies in its chosen sectors. Founded in 1912 as a sugar business, the conglomerate has evolved and expanded through specific and diversified investments to emerge as a rising star in multiple industries, including HEALTHCARE, TEXTILE, FINANCE, HOTELS &amp; RESORTS, PROPERTIES and AGRO.<\/p>\n<p>This ensures a well-balanced portfolio, positioning the company to tackle future growth. With 19 different production units, CIEL&#8217;s TEXTILE business has emerged as a powerhouse, providing a strong alternative to China for the global fashion industry.<\/p>\n<p>Through this cluster, CIEL ships 42 million garments every year to global brands such as Lacoste, Asos, (LON: ASC), and Puma (ETR: PUM), among others.<\/p>\n<p>The TEXTILE cluster is the largest in CIEL&#8217;s portfolio in terms of the number of employees, with some 20,000 talents in four nations, across two continents.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/mauritius\">Mauritius<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mauritius. LONDON and PARIS, June 20, 2022 \/PRNewswire\/ &#8212; Mauritius-listed African investment company CIEL Limited (CIEL. N0000) delivered its best year-to-date results since the COVID-19 pandemic, surpassing its previous performance just as it celebrates its 110th anniversary. In the nine months to 31 March 2022, CIEL&#8217;s revenue grew 51% to USD 475 million, [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":17152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,245,241],"class_list":["post-17153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mauritius","tag-mauritius"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>MAURITIUS-LISTED CIEL LIMITED MARKS ITS 110TH ANNIVERSARY WITH A REVENUE INCREASE OF OVER 50% - Mauritius<\/title>\n<meta name=\"description\" content=\"LONDON and PARIS, June 20, 2022 \/PRNewswire\/ -- Mauritius-listed African investment 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