Announcement • Jun 03
Gamma-Civic Ltd, Annual General Meeting, Jun 20, 2025 Gamma-Civic Ltd, Annual General Meeting, Jun 20, 2025, at 09:50 Arabian Standard Time. Location: hilton mauritius resort & spa, wolmar, flic en flac, mauritius, Mauritius Reported Earnings • Nov 11
Third quarter 2024 earnings released: EPS: MU₨0.61 (vs MU₨0.67 in 3Q 2023) Third quarter 2024 results: EPS: MU₨0.61 (down from MU₨0.67 in 3Q 2023). Revenue: MU₨2.63b (up 37% from 3Q 2023). Net income: MU₨81.8m (down 9.0% from 3Q 2023). Profit margin: 3.1% (down from 4.7% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 06
Second quarter 2024 earnings released: EPS: MU₨1.46 (vs MU₨0.73 in 2Q 2023) Second quarter 2024 results: EPS: MU₨1.46 (up from MU₨0.73 in 2Q 2023). Revenue: MU₨2.06b (up 27% from 2Q 2023). Net income: MU₨194.1m (up 98% from 2Q 2023). Profit margin: 9.4% (up from 6.0% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 03
Dividend of MU₨0.50 announced Shareholders will receive a dividend of MU₨0.50. Ex-date: 19th August 2024 Payment date: 27th September 2024 Dividend yield will be 6.7%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 2.5% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 2.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 05
Gamma-Civic Ltd, Annual General Meeting, Jun 21, 2024 Gamma-Civic Ltd, Annual General Meeting, Jun 21, 2024, at 11:15 Arabian Standard Time. Location: hilton mauritius resort & spa, wolmar, flic en flac, Mauritius Reported Earnings • May 17
First quarter 2024 earnings released: EPS: MU₨0.57 (vs MU₨0.36 in 1Q 2023) First quarter 2024 results: EPS: MU₨0.57 (up from MU₨0.36 in 1Q 2023). Revenue: MU₨1.40b (up 11% from 1Q 2023). Net income: MU₨76.1m (up 60% from 1Q 2023). Profit margin: 5.5% (up from 3.8% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • Apr 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 31% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Declared Dividend • Apr 01
Final dividend of MU₨1.50 announced Shareholders will receive a dividend of MU₨1.50. Ex-date: 17th April 2024 Payment date: 9th May 2024 Dividend yield will be 5.5%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is covered by both earnings (69% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 2.8% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 2.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: MU₨2.84 (vs MU₨3.10 in FY 2022) Full year 2023 results: EPS: MU₨2.84 (down from MU₨3.10 in FY 2022). Revenue: MU₨6.70b (up 21% from FY 2022). Net income: MU₨378.6m (down 8.3% from FY 2022). Profit margin: 5.7% (down from 7.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • Feb 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: MU₨4.60b (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (MU₨4.60b market cap, or US$99.5m). Reported Earnings • Nov 17
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: MU₨1.92b (up 34% from 3Q 2022). Net income: MU₨89.8m (up 15% from 3Q 2022). Profit margin: 4.7% (down from 5.4% in 3Q 2022). Upcoming Dividend • Aug 08
Upcoming dividend of MU₨0.50 per share at 6.2% yield Eligible shareholders must have bought the stock before 15 August 2023. Payment date: 01 September 2023. Payout ratio is a comfortable 55% and the cash payout ratio is 77%. Trailing yield: 6.2%. Within top quartile of Mauritian dividend payers (6.0%). Higher than average of industry peers (5.0%). Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: MU₨0.73 (vs MU₨0.68 in 2Q 2022) Second quarter 2023 results: EPS: MU₨0.73 (up from MU₨0.68 in 2Q 2022). Revenue: MU₨1.63b (up 11% from 2Q 2022). Net income: MU₨97.9m (up 8.9% from 2Q 2022). Profit margin: 6.0% (down from 6.1% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Jun 02
Gamma-Civic Ltd, Annual General Meeting, Jun 23, 2023 Gamma-Civic Ltd, Annual General Meeting, Jun 23, 2023, at 10:30 Mauritius Standard Time. Location: Voilà Hotel, Mall of Mauritius Bagatelle Mauritius Reported Earnings • May 13
First quarter 2023 earnings released: EPS: MU₨0.36 (vs MU₨0.33 in 1Q 2022) First quarter 2023 results: EPS: MU₨0.36 (up from MU₨0.33 in 1Q 2022). Revenue: MU₨1.26b (up 11% from 1Q 2022). Net income: MU₨47.5m (up 8.5% from 1Q 2022). Profit margin: 3.8% (down from 3.9% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 11
Upcoming dividend of MU₨1.75 per share at 6.2% yield Eligible shareholders must have bought the stock before 18 April 2023. Payment date: 10 May 2023. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 6.2%. Within top quartile of Mauritian dividend payers (6.1%). Higher than average of industry peers (5.3%). Reported Earnings • Apr 08
Full year 2022 earnings released: EPS: MU₨3.10 (vs MU₨2.26 in FY 2021) Full year 2022 results: EPS: MU₨3.10 (up from MU₨2.26 in FY 2021). Revenue: MU₨5.55b (up 24% from FY 2021). Net income: MU₨412.6m (up 37% from FY 2021). Profit margin: 7.4% (up from 6.7% in FY 2021). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Boon Hui Chan was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 06
Third quarter 2022 earnings released: EPS: MU₨0.58 (vs MU₨0.43 in 3Q 2021) Third quarter 2022 results: EPS: MU₨0.58 (up from MU₨0.43 in 3Q 2021). Revenue: MU₨1.44b (up 25% from 3Q 2021). Net income: MU₨78.0m (up 37% from 3Q 2021). Profit margin: 5.4% (up from 5.0% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 09
Upcoming dividend of MU₨0.50 per share Eligible shareholders must have bought the stock before 16 August 2022. Payment date: 02 September 2022. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 7.1%. Within top quartile of Mauritian dividend payers (4.3%). Higher than average of industry peers (3.7%). Reported Earnings • Jul 31
Second quarter 2022 earnings released: EPS: MU₨0.68 (vs MU₨0.62 in 2Q 2021) Second quarter 2022 results: EPS: MU₨0.68 (up from MU₨0.62 in 2Q 2021). Revenue: MU₨1.46b (up 30% from 2Q 2021). Net income: MU₨89.9m (up 9.1% from 2Q 2021). Profit margin: 6.1% (down from 7.3% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Jul 30
Gamma-Civic Ltd Declares Interim Dividend for the Financial Year Ending 31 December 2022, Payable on or About September 2, 2022 The Boord of Directors of Gamma Civic Ltd. has declared an interim dividend of INR 0.50 per shore to all shareholders registered at the close of business on 18 August 2022 in respect of the financial year ending 31 December 2022. The dividend will be paid on or about 2 September 2022. The shores of the company will be traded cum-dividend up to and including the market day of 12 August 2022 and ex-dividend as from the 16 August 2022. Announcement • Jun 04
Gamma-Civic Ltd, Annual General Meeting, Jun 24, 2022 Gamma-Civic Ltd, Annual General Meeting, Jun 24, 2022, at 10:00 Mauritius Standard Time. Location: Hilton Mauritius Resort & Spa, Wolmar Flic En Flac Mauritius Reported Earnings • May 15
First quarter 2022 earnings released: EPS: MU₨0.33 (vs MU₨0.16 in 1Q 2021) First quarter 2022 results: EPS: MU₨0.33 (up from MU₨0.16 in 1Q 2021). Revenue: MU₨1.13b (up 42% from 1Q 2021). Net income: MU₨43.8m (up 106% from 1Q 2021). Profit margin: 3.9% (up from 2.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Boon Hui Chan was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Apr 07
Upcoming dividend of MU₨1.50 per share Eligible shareholders must have bought the stock before 14 April 2022. Payment date: 11 May 2022. Payout ratio is on the higher end at 80% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Mauritian dividend payers (3.7%). Lower than average of industry peers (3.5%). Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: MU₨2.26 (vs MU₨1.23 in FY 2020) Full year 2021 results: EPS: MU₨2.26 (up from MU₨1.23 in FY 2020). Revenue: MU₨4.47b (up 21% from FY 2020). Net income: MU₨301.0m (up 84% from FY 2020). Profit margin: 6.7% (up from 4.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Apr 03
Gamma-Civic Ltd Has Declares Final Dividend, Payable on or About 11 May 2022 The Boord of Directors of Gamma Civic Ltd. has declared a final dividend of INR 1.50 per share to all shareholders registered at the close of business on 18 April 2022 in respect of the financial year ended 31 December 2021. The dividend will be paid on or about 11 May 2022. The shares of the company will be traded cum-dividend up to and including the market day of 13 April 2022 and ex-dividend as from the 14 April 2022. Upcoming Dividend • Aug 20
Upcoming dividend of MU₨0.50 per share Eligible shareholders must have bought the stock before 27 August 2021. Payment date: 30 September 2021. Trailing yield: 2.3%. Lower than top quartile of Mauritian dividend payers (3.7%). Lower than average of industry peers (2.9%). Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS MU₨0.62 (vs MU₨0.58 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: MU₨1.13b (up 130% from 2Q 2020). Net income: MU₨82.4m (up MU₨159.3m from 2Q 2020). Profit margin: 7.3% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • May 16
First quarter 2021 earnings released: EPS MU₨0.16 (vs MU₨0.10 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: MU₨798.8m (up 1.3% from 1Q 2020). Net income: MU₨21.3m (up 53% from 1Q 2020). Profit margin: 2.7% (up from 1.8% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 08
Upcoming dividend of MU₨1.31 per share Eligible shareholders must have bought the stock before 15 April 2021. Payment date: 30 June 2021. Trailing yield: 3.9%. Lower than top quartile of Mauritian dividend payers (4.6%). Higher than average of industry peers (3.5%). Reported Earnings • Apr 02
Full year 2020 earnings released: EPS MU₨1.23 (vs MU₨3.37 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: MU₨3.71b (down 1.2% from FY 2019). Net income: MU₨163.4m (down 64% from FY 2019). Profit margin: 4.4% (down from 12% in FY 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% per year. Is New 90 Day High Low • Mar 10
New 90-day high: MU₨32.50 The company is up 14% from its price of MU₨28.50 on 10 December 2020. The Mauritian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 4.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: MU₨28.85 The company is up 6.0% from its price of MU₨27.15 on 29 September 2020. The Mauritian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 02
New 90-day high: MU₨28.50 The company is up 2.0% from its price of MU₨28.00 on 03 September 2020. The Mauritian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is down 3.0% over the same period. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS MU₨0.90 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: MU₨1.17b (up 26% from 3Q 2019). Net income: MU₨120.1m (up 89% from 3Q 2019). Profit margin: 10% (up from 6.9% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 05
New 90-day low: MU₨26.95 The company is down 7.0% from its price of MU₨29.00 on 07 July 2020. The Mauritian market is also down 7.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. Its price trend is also similar to the Hospitality industry, which is down 7.0% over the same period.