HCI lifted by people spending more on leisure and gambling
The empowerment investment holding company generated close to half of headline earnings from its hotel and casino interests in its latest results
01 December 2022 - 16:01
UPDATED 01 December 2022 - 20:35
The profit of empowerment investment holding company Hosken Consolidated Investments (HCI) has more than tripled as it cashed in on people spending more on travel and leisure.
The company, valued at R14.73bn on the JSE, reported in its half-year results to end-September that its profit more than tripled (205%) year on year to R1.49bn, while headline earnings per share (Heps), a profit measure that strips out impairments and one-off items, almost quadrupled (297.6%) to 1,185.3c. Net asset value per share soared 28.7% to R198.11...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.