JOHANNESBURG – South Africa’s biggest hotel and gaming operator, Sun International, expects first-half headline earnings to jump by up to 40 per cent compared to the previous year, the group said yesterday.
“As a consequence of the strong trading and improved margins, adjusted headline earnings per share for the half-year ending December 31 is expected to be between 30-40 per cent above the same six month period in the previous year,” the company said in a statement. Sun International said earnings per share are expected to be 160 to 170 per cent higher due to sale of its stake in the City Lodge hotel chain.Headline earnings per share, the key profit measure for South African companies, excludes non-trading, capital and certain extraordinary items.- Nampa-ReutersSun International said earnings per share are expected to be 160 to 170 per cent higher due to sale of its stake in the City Lodge hotel chain.Headline earnings per share, the key profit measure for South African companies, excludes non-trading, capital and certain extraordinary items.- Nampa-Reuters
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