Data provided by iNet BFA
Loading...
See More

Investors cheer Tsogo Sun's results

Nov 19 2012 10:37 Reuters
The Medeo Restaurant at Tsogo Sun / Monte Casino

The Medeo Restaurant at Tsogo Sun / Monte Casino.

Company Data

SABMILLER PLC [JSE:SAB]

Last traded 595.88
Change -2.13
% Change 0.00
Cumulative volume 674049
Market cap 997.20bn

Last Updated: 30/07/2014 at 02:38. Prices are delayed by 15 minutes. Source: McGregor BFA

SUN INTERNATIONAL LIMITED [JSE:SUI]

Last traded 105.34
Change 1.04
% Change 0.01
Cumulative volume 173379
Market cap 12.02bn

Last Updated: 30/07/2014 at 02:36. Prices are delayed by 15 minutes. Source: McGregor BFA

HOSKEN CONSOLIDATED INVESTMENTS LTD [JSE:HCI]

Last traded 170.00
Change 1.51
% Change 0.01
Cumulative volume 26630
Market cap 20.17bn

Last Updated: 30/07/2014 at 02:31. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

South Africans on gambling spree

Tsogo Sun soars almost 10%

Gold Reef/ Tsogo merger takes effect

Casino merger hearings postponed

Gauteng gamblers coin it

Tsogo forecasts higher earnings

 
Johannesburg - Africa's biggest hotels and casino operator, Tsogo Sun Holdings Ltd [JSE:TSH], reported a 36% rise in first-half profit, as consumers in its mainstay South African market spent more on leisure.

Tsogo Sun, 40% owned by brewer SABMiller [JSE:SAB], said diluted headline EPS totalled 68 cents in the six months to end-September compared with 50.1c a year earlier.

Headline EPS, the main measure of profit in South Africa, strips out certain one-time items.

Shares in the R28bn company jumped 5.39% to R25.24 by 09:17, outpacing its closest rival Sun International [JSE:SUI], up 0.6%.   

Consumer spending in South Africa has been on the mend, although some analysts have warned that spending is partly fuelled by a surge in unsecured loans such as credit cards.

South African hotels are also struggling with low occupancy rates due to oversupply after a building boom in the run-up to the 2010 Soccer World Cup.

Tsogo Sun said its occupancy rates improved slightly in the period.

The company, which is also owned by investment holding firm Hosken Consolidated Investments [JSE:HCI], raised its interim dividend by 20% to 24c.

Its shares are up more than 50% so far this year, outperforming a 15% gain the JSE All-share index.
tsogo sun  |  earnings reports
NEXT ON FIN24X

 
 
 

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

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

Where can you stash your cash?

Fin24 user Tinashe Guramatunhu presents a review of the best way to invest a windfall or bonus.

 
 

Start saving...

Where can you stash your cash?
Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account

Money Clinic

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