Loading...
See More

Sun forecasts lower earnings

Jan 29 2010 16:26

Company Data

SUN INTERNATIONAL LIMITED [JSE:SUI]

Last traded 0
Change -0,95
% Change 0
Cumulative volume 478366
Market cap 13.47bn

Last Updated: 19-12-2014 at 04:39. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Sun, union settle wage dispute

Sun fights back over strike

Union to intensify strike at Sun

Sun obtains strike interdict

Sun gets strike interdict

Sun seeks to prevent strike

 

Johannesburg - Hotel and leisure group Sun International [JSE:SUI] advised on Friday that basic and headline earnings per share for the six months ended 31 December 2009 are expected to be between 20% and 30% lower than the 350c and 351c per share of the previous corresponding period, respectively.

Diluted adjusted headline earnings per share are expected to be between 35% and 45% lower than the 334c per share of the previous corresponding period.

Excluding adjustments relating to foreign exchange rate movements, adjusted headline earnings per share are expected to be between 25% and 35% lower than the previous period, the group said.

"Overall trading for the six months remained subdued. Although casino trading patterns in the second quarter ended 31 December 2009 were similar to the first quarter of the current financial year, hotel occupancies and average room rates achieved showed further deterioration," the group added.

- I-Net Bridge

NEXT ON FIN24X

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...