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.

Related Articles

South Africas Exxaro mulls firing striking coal miners.

South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more

South Africas Telkom says there is no decision to lay off 13,000 employees.

South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more

BP, Masana Petroleum Solutions sell LPG business in South Africa.

Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335