Tsogo Sun Gaming to see earnings surge after unbundling
13 November 2019 - 13:16
Tsogo Sun Gaming said on Wednesday that an increase in the cost of debt as a result of the unbundling of Tsogo Holding’s hotel interests in June will weigh on headline earnings for the six months to end September.
Headline earnings and basic earnings will diverge widely, with earnings per share expected to rise as much as 66% compared to the prior period, due to the company realising a R564m profit from discontinued operations due to the unbundling...
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.