South Africa’s Sun International reports a 20-30% fall in headline earnings/share

By bne IntelliNews February 2, 2010
South AfricasSun International expects to report a 20-30% fall in headline earnings/share.EPS would have been 25-35% lower had foreign exchange rate adjustments beenexcluded, the biggest casino and gaming group in the country told Reuters. SunInternational owns the Sun City resort andsaid that hotel occupancies were down and average room rates deteriorated more,but the company said that casino trading patterns for Q2 of its fiscal yearremained similar to those in Q1.

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