Sun International remains upbeat despite interim loss
CEO says group is focused on survival and positioned well to deal with challenges
31 August 2020 - 19:40
Hotel and casino group Sun International, which swung to an interim headline loss of almost R900m, says it expects to be in a stronger position by the end of the year as it makes its way out of the Covid-19 crisis and prepares to open more of its operations.
Sun International is in the middle of a wide-ranging operational overhaul that entails cutting jobs, tapping shareholders for cash and selling land and properties to build cash reserves as the dice rolls again, albeit under margin-sapping social-distancing guidelines, after being out of action for months.
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