• Inside Labour

    Terry Bell explores the connection between poultry, poverty and desperation.

  • A new ANC sweeper?

    Have the Guptas' new auditors mastered how to look the other way on cue, asks Solly Moeng.

  • Strategy for the big boys

    Formulating strategy across the span of huge companies is a marathon, says Ian Mann.

All data is delayed
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 868
Change -1
% Change 0
Cumulative volume 1770467
Market cap 0

Last Updated: 29-04-2016 at 05:06. Prices are delayed by 15 minutes. Source: McGregor BFA

SUN INTERNATIONAL LIMITED [JSE:SUI]

Last traded 77
Change 2
% Change 3
Cumulative volume 377955
Market cap 0

Last Updated: 29-04-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

HOSKEN CONSOLIDATED INVESTMENTS LIMITED [JSE:HCI]

Last traded 120
Change 0
% Change 0
Cumulative volume 151713
Market cap 0

Last Updated: 29-04-2016 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

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
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

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

Voting Booth

The drop in inflation:

Previous results · Suggest a vote

Loading...