• 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

Rand eats into Sun International earnings

Feb 28 2011 10:00 Reuters

Company Data

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

Related Articles

Gold Reef/ Tsogo merger takes effect

Sun International revenue takes a dip

Gold Reef shares extend gain

Gauteng gamblers coin it

Sun City dimmed by profit eclipse

Casino merger hearings postponed

 
Johannesburg - Gaming and hotel group Sun International [JSE:SUI] reported a flat first-half profit, hit by unfavourable swings in currencies and warned of little growth for the remainder of the year.

Sun International, which runs South Africa's Sun City resort, said on Monday adjusted headline earnings per share totalled 215 cents in the six months to end-December, little changed from the previous year.

The company, whose revenue grew to R3.4bn from R3.2bn, said excluding the currency movements, headline earnings per share would have grown 13%.

Shares in Sun International edged down 0.20% to R97.80 by 09:30, in line with the broader JSE All-share index.

Sun International has lost nearly 7% of its market value this year, underscoring the tough climate in South Africa, where consumers are squeezed by high debt and unemployment.

The company said it expected little growth in the remainder of the year, due to a slow recovery at its gaming unit and weaker business in its hotels unit.
sun international

 
 
 

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
1 comment
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...