Hosken holds on to dividend as Covid-19 hits hotels and gaming
The group reported a 78% fall in headline earnings in its year to end-March, with its gaming interests under most pressure from the pandemic
28 May 2021 - 14:50
Empowerment conglomerate Hosken Consolidated Investments (HCI), which is headed by Johnny Copelyn, has held on to its full-year dividend after Covid-19 hit its gaming, media and hotel interests.
Headline earnings, the main profit measure in SA that excludes certain one-off items, fell 78% to R233m in the group’s year to end-March, with hotels contributing a loss of R317m and gaming a loss of R20.5m...
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