Sun International expects 100% earnings rise
Johannesburg - Hotel and gaming group Sun International [JSE:SUI] advised on Monday that its basic and headline earnings per share for the six months ended 31 December 2011 are expected to be between 100% and 110% higher than the 156 and 157 cents per share of the previous corresponding period, respectively.
Adjusted headline earnings per share, which management considers the most meaningful measure of performance for the company, is expected to be between 30% and 40% higher than the 215 cents per share of the previous corresponding period.
Excluding foreign exchange gains and losses, adjusted headline earnings per share is expected to be between 5% and 10% higher.
The group; said it was in the process of finalising its unaudited interim results for the six months ended 31 December 2011, which are expected to be released on SENS on or about 27 February 2012.