• SA cities need foreigners

    We need to protect our cities' cosmopolitan nature, says Mzwandile Jacks.

  • Am I a racist?

    Does hating government's arrogance, nepotism and greed make me a bigot, asks Anton Ressel.

  • Recipe for disaster

    Malema's flames of frustration are fuelling white extremism, says Leopold Scholtz.

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 656
Change 5
% Change 1
Cumulative volume 1018226
Market cap 0

Last Updated: 17-04-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

SUN INTERNATIONAL LIMITED [JSE:SUI]

Last traded 131
Change 0
% Change 0
Cumulative volume 398934
Market cap 0

Last Updated: 17-04-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

HOSKEN CONSOLIDATED INVESTMENTS LTD [JSE:HCI]

Last traded 152
Change 1
% Change 0
Cumulative volume 44182
Market cap 0

Last Updated: 17-04-2015 at 05:00. 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

 
 
 

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

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Must see! The most luxurious dog house!

This dog house comes with a treadmill and hot tub, you have to see it!

 
 

Luxury living

WIN!
Ridiculous demands people with too much money make
8 of the priciest places to dock your yacht
Habits of the world’s richest people

Money Clinic

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

Voting Booth

Government’s call for the private sector to add power to the grid is:

Previous results · Suggest a vote

Loading...