All data is delayed
See More

Gold Reef anticipates earnings drop

Mar 02 2011 16:47
I-Net Bridge

Company Data


Last traded 25
Change 1
% Change 3
Cumulative volume 605156
Market cap 0

Last Updated: 06-10-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Gold Reef City wins massive defamation case

Gold Reef shares extend gain

Gold Reef/ Tsogo merger takes effect

Further nod for Gold Reef, Tsogo merger

More nods for Gold Reef, Tsogo merger

Gold Reef surges on merger approval

Johannesburg - Gold Reef Resorts [JSE:GDF] expects earnings per share (EPS) and headline earning per share (Heps) for the twelve months ended 31 December 2010 to be 20% to 25% lower than that of the prior comparative period.

Adjusted Heps were expected to be 12% to 17% lower than before, the company said on Wednesday.

Earnings before interest, tax, depreciation, amortisation and rentals (EBITDAR) and adjusted EBITDAR were expected to be 7% to 12% and 5% to 10% lower, respectively, than that of the prior corresponding period.

"In addition to EPS and Heps, the company intends publishing adjusted Heps and EBITDAR for the twelve months ended 31 December 2010 and for the prior corresponding reporting period.

"The company is of the opinion that the publication of adjusted Heps and adjusted EBITDAR will assist the understanding of year-on-year trading results."

Adjusted Heps and adjusted EBITDAR were not previously published at 31 December 2009.

This information related to Gold Reef prior to the merger of the respective Tsogo Sun Holdings and the Gold Reef gaming and hotel businesses.
gold reef resorts  |  tsogo sun


Read Fin24’s Comments Policy 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
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills..

Money Clinic

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

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote