Sun International Posts Rise in Earnings
As reported by Reuters: "South Africa's biggest casino operator, Sun International, posted a 34 percent jump in first-half adjusted headline earnings per share on Thursday but said growth would slow in the second half.
"Adjusted headline earnings per share in the six months to end-December rose to 248 cents from 185 cents in the year-ago period, the company said in a statement.
"But headline EPS -- which strips out capital, non-trading and certain one-off items -- fell to 98 cents from a restated 221 cents.
" Sun International, which owns the popular Sun City resort north-west of Johannesburg, said revenue growth from casinos and a brighter outlook at its hotels and resorts should continue for the second half of the year "