Upcoming Dividend • Jun 08
Upcoming dividend of MU₨0.50 per share Eligible shareholders must have bought the stock before 15 June 2026. Payment date: 17 July 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 5.2%. Lower than top quartile of Mauritian dividend payers (6.4%). In line with average of industry peers (5.7%). Announcement • Nov 28
Promotion and Development Ltd, Annual General Meeting, Dec 18, 2025 Promotion and Development Ltd, Annual General Meeting, Dec 18, 2025, at 11:00 Arabian Standard Time. Location: conference room broadway, situated at the caudan arts centre, le caudan waterfront, port louis, Mauritius Announcement • Nov 19
Promotion and Development Ltd, Annual General Meeting, Dec 10, 2024 Promotion and Development Ltd, Annual General Meeting, Dec 10, 2024, at 10:15 Arabian Standard Time. Location: la scala at the caudan arts centre, le caudan waterfront, port louis, Mauritius Upcoming Dividend • Nov 15
Upcoming dividend of MU₨3.65 per share Eligible shareholders must have bought the stock before 22 November 2024. Payment date: 26 December 2024. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of Mauritian dividend payers (5.7%). Lower than average of industry peers (6.2%). Declared Dividend • Oct 02
Dividend of MU₨3.65 announced Shareholders will receive a dividend of MU₨3.65. Ex-date: 22nd November 2024 Payment date: 26th December 2024 Dividend yield will be 4.5%, which is lower than the industry average of 6.8%. Sustainability & Growth Dividend is covered by earnings (29% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 36% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Declared Dividend • Jul 04
Dividend of MU₨1.00 announced Shareholders will receive a dividend of MU₨1.00. Ex-date: 15th July 2024 Payment date: 31st July 2024 Dividend yield will be 4.7%, which is lower than the industry average of 6.8%. Sustainability & Growth Dividend is covered by earnings (22% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 36% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 17
Third quarter 2024 earnings released: MU₨0.54 loss per share (vs MU₨0.17 profit in 3Q 2023) Third quarter 2024 results: MU₨0.54 loss per share (down from MU₨0.17 profit in 3Q 2023). Revenue: MU₨162.4m (up 11% from 3Q 2023). Net loss: MU₨21.2m (down 415% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 15
Second quarter 2024 earnings released: EPS: MU₨1.78 (vs MU₨1.39 in 2Q 2023) Second quarter 2024 results: EPS: MU₨1.78 (up from MU₨1.39 in 2Q 2023). Revenue: MU₨174.5m (up 6.7% from 2Q 2023). Net income: MU₨69.4m (up 28% from 2Q 2023). Profit margin: 40% (up from 33% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Nov 30
Promotion and Development Ltd, Annual General Meeting, Dec 20, 2023 Promotion and Development Ltd, Annual General Meeting, Dec 20, 2023, at 10:00 Mauritius Standard Time. Location: office, 8th Floor, Dias Pier, Le Caudan Waterfront, Port Louis Mauritius Agenda: To consider the annual report for the year ended 30 th June 2023; To receive the auditors' report; to consider and approve the group's and company's financial statements for the year ended 30 th June 2023; and to discuss other matters. New Risk • Nov 18
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 79% Last year net profit margin: 115% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (320% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (79% net profit margin). Market cap is less than US$100m (MU₨4.05b market cap, or US$91.7m). Reported Earnings • Nov 18
First quarter 2024 earnings released: EPS: MU₨3.61 (vs MU₨4.59 in 1Q 2023) First quarter 2024 results: EPS: MU₨3.61 (down from MU₨4.59 in 1Q 2023). Revenue: MU₨245.2m (up 24% from 1Q 2023). Net income: MU₨140.7m (down 21% from 1Q 2023). Profit margin: 57% (down from 90% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 17
Upcoming dividend of MU₨3.50 per share at 4.3% yield Eligible shareholders must have bought the stock before 24 November 2023. Payment date: 26 December 2023. Trailing yield: 4.3%. Lower than top quartile of Mauritian dividend payers (5.9%). Lower than average of industry peers (6.3%). New Risk • Oct 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (MU₨4.03b market cap, or US$91.2m). Upcoming Dividend • Jul 10
Upcoming dividend of MU₨1.00 per share at 5.1% yield Eligible shareholders must have bought the stock before 17 July 2023. Payment date: 02 August 2023. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 5.1%. Lower than top quartile of Mauritian dividend payers (6.2%). Lower than average of industry peers (6.8%). Reported Earnings • May 13
Third quarter 2023 earnings released: EPS: MU₨0.17 (vs MU₨0.70 loss in 3Q 2022) Third quarter 2023 results: EPS: MU₨0.17 (up from MU₨0.70 loss in 3Q 2022). Revenue: MU₨145.8m (up 22% from 3Q 2022). Net income: MU₨6.74m (up MU₨33.9m from 3Q 2022). Profit margin: 4.6% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 16
Second quarter 2023 earnings released: EPS: MU₨1.39 (vs MU₨7.60 in 2Q 2022) Second quarter 2023 results: EPS: MU₨1.39 (down from MU₨7.60 in 2Q 2022). Revenue: MU₨163.5m (up 31% from 2Q 2022). Net income: MU₨54.0m (down 82% from 2Q 2022). Profit margin: 33% (down from 238% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Nov 30
Promotion and Development Ltd, Annual General Meeting, Dec 20, 2022 Promotion and Development Ltd, Annual General Meeting, Dec 20, 2022, at 10:00 Mauritius Standard Time. Location: office, 8th Floor, Dias Pier, Le Caudan Waterfront, Port Louis Port Louis Mauritius Agenda: To consider the annual report for the year ended 30th June 2022; to receive the auditors' report; to consider and approve the group's and company's financial statements for the year ended 30th June 2022; to re-elect, as directors of the company, by way of separate resolutions, the following persons who retire by rotation and being eligible, offer themselves for re-election in accordance with the Constitution of the company; to re-elect Mr Jean-Philippe Coulier to hold office as director of the company until the next Annual Meeting in accordance with section 138(6) of the Companies Act 2001; to elect Mrs Priscilla Balgobin-Bhoyrul as director of the company; to fix the directors' remuneration; to appoint Ernst & Young as auditors of the company until the next Annual Meeting and to authorise the board of directors to fix their remuneration. Upcoming Dividend • Nov 16
Upcoming dividend of MU₨4.00 per share Eligible shareholders must have bought the stock before 23 November 2022. Payment date: 23 December 2022. Trailing yield: 5.0%. Within top quartile of Mauritian dividend payers (4.9%). In line with average of industry peers (5.0%). Reported Earnings • Sep 30
Full year 2022 earnings released: EPS: MU₨15.94 (vs MU₨3.79 in FY 2021) Full year 2022 results: EPS: MU₨15.94 (up from MU₨3.79 in FY 2021). Revenue: MU₨604.7m (up 11% from FY 2021). Net income: MU₨620.7m (up 321% from FY 2021). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Sep 27
Promotion and Development Ltd Declares Final Dividend for the Year Ended June 30, 2022, Payable on or About 23Rd December 2022 The Board of Directors of Promotion and Development Ltd. has declared for the financial year ended 30th June 2022, a final dividend of MUR 4.00 per share to all shareholders registered at the close of business on 25th November 2022. Payment thereof will be effected on or about 23rd December 2022. Consequently, the shares of the company will be quoted cum dividend up to 22nd November 2022 and ex dividend on 23rd November 2022. Upcoming Dividend • Jul 06
Upcoming dividend of MU₨1.00 per share Eligible shareholders must have bought the stock before 13 July 2022. Payment date: 29 July 2022. Trailing yield: 4.0%. Within top quartile of Mauritian dividend payers (3.9%). Lower than average of industry peers (9.0%). Announcement • Jun 30
Promotion and Development Ltd Declares Interim Dividend for the Financial Year Ending 30Th June 2022, Payable on or About 29 July 2022 The Board of Directors of Promotion and Development Ltd. has declared for the financial year ending 30th June 2022, an interim dividend of MUR 1.00 per share to all shareholders registered at the close of business on 15th July 2022. Payment thereof will be effected on or about 29th July 2022. Consequently, the shares of the company will be quoted cum dividend up to 12th July 2022 and ex dividend on 13th July 2022. Reported Earnings • May 30
Third quarter 2022 earnings released: MU₨0.70 loss per share (vs MU₨1.24 loss in 3Q 2021) Third quarter 2022 results: MU₨0.70 loss per share (up from MU₨1.24 loss in 3Q 2021). Revenue: MU₨119.6m (up 5.1% from 3Q 2021). Net loss: MU₨27.2m (loss narrowed 43% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Feb 11
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: MU₨7.60 (up from MU₨0.24 loss in 2Q 2021). Revenue: MU₨124.5m (down 9.7% from 2Q 2021). Net income: MU₨296.0m (up MU₨305.5m from 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • Jan 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. Independent Chairman of the Board Jean-Philippe Coulier was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Nov 15
First quarter 2022 earnings released: EPS MU₨2.25 (vs MU₨0.24 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: MU₨185.5m (up 41% from 1Q 2021). Net income: MU₨87.5m (up MU₨78.3m from 1Q 2021). Profit margin: 47% (up from 7.0% in 1Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 6% per year. Upcoming Dividend • Nov 12
Upcoming dividend of MU₨3.05 per share Eligible shareholders must have bought the stock before 19 November 2021. Payment date: 17 December 2021. Trailing yield: 4.0%. Within top quartile of Mauritian dividend payers (3.7%). Lower than average of industry peers (8.7%). Reported Earnings • Sep 29
Full year 2021 earnings released: EPS MU₨3.78 (vs MU₨3.83 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: MU₨543.8m (down 7.4% from FY 2020). Net income: MU₨147.3m (up MU₨296.3m from FY 2020). Profit margin: 27% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 08
Upcoming dividend of MU₨1.00 per share Eligible shareholders must have bought the stock before 15 July 2021. Payment date: 02 August 2021. Trailing yield: 2.3%. Lower than top quartile of Mauritian dividend payers (3.9%). In line with average of industry peers (2.4%). Reported Earnings • May 17
Third quarter 2021 earnings released: MU₨1.23 loss per share (vs MU₨1.83 loss in 3Q 2020) The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: MU₨113.8m (down 16% from 3Q 2020). Net loss: MU₨48.1m (loss narrowed 33% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 11
New 90-day low: MU₨75.00 The company is down 3.0% from its price of MU₨77.00 on 11 December 2020. The Mauritian market is flat over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Capital Markets industry, which is down 4.0% over the same period. Reported Earnings • Feb 13
Second quarter 2021 earnings released: MU₨0.24 loss per share (vs MU₨0.60 loss in 2Q 2020) The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: MU₨137.8m (down 3.8% from 2Q 2020). Net loss: MU₨9.51m (loss narrowed 59% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 15% per year. Announcement • Nov 26
Promotion and Development Ltd, Annual General Meeting, Dec 17, 2020 Promotion and Development Ltd, Annual General Meeting, Dec 17, 2020, at 06:00 Coordinated Universal Time. Location: office, 8th Floor, Dias Pier, Le Caudan Waterfront Port Louis Mauritius Agenda: To consider the annual report for the year ended 30th June 2020; to receive the auditors' report; to consider and approve the group's and company's financial statements for the year ended 30th June 2020; to re-elect directors; to re-elect, by way of separate resolutions, the following persons to hold office as directors of the company until the next Annual Meeting in accordance with section 138(6) of the Companies Act 2001: Mr. Bertrand de Chazal, Mr. Jean-Philippe Coulier; to fix the directors' remuneration; and to appoint Ernst & Young as auditors of the company until the next Annual Meeting and to authorise the board of directors to fix their remuneration. Reported Earnings • Nov 15
First quarter 2021 earnings released: EPS MU₨0.24 The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: MU₨131.8m (down 30% from 1Q 2020). Net income: MU₨9.23m (down 89% from 1Q 2020). Profit margin: 7.0% (down from 43% in 1Q 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 03
New 90-day low: MU₨72.00 The company is down 20% from its price of MU₨90.00 on 05 August 2020. The Mauritian market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is down 7.0% over the same period. Is New 90 Day High Low • Oct 13
New 90-day low: MU₨78.00 The company is down 14% from its price of MU₨90.50 on 15 July 2020. The Mauritian market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is down 5.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: MU₨82.00 The company is down 11% from its price of MU₨92.00 on 24 June 2020. The Mauritian market is down 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is down 2.0% over the same period. 
