Sun International firms up on JSE as it expects higher interim earnings

Tawanda Karombo

HOTELS, gaming and entertainment group Sun International is expecting to report an increase in earnings for the half-year to the end of June, boosted by its diversified operating portfolio that has embedded the company’s resilience amid a stronger performance from urban and resort hotels, Sunbet and urban casinos. Shares in the company on the JSE closed 2.85% up at R43.01 yesterday, maintaining its strong mo- mentum in the past week, month and year-to-date periods. This came as shareholders reacted positively to Sun International’s interim trading update in which it said it expected earnings for the June 2024 interim period to rise. The company sees its headline earnings per share for the half-year period increasing from the same period last year by between 5.4% and 12.4% to a range between 182…

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Cape Times (Digital) - 1 Issue, 2024-09-03

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