Sun International profit growth hampered by Nigerian naira
The company says its hotels and resorts ‘had an exceptional first half, on the back of an excellent performance in the second half of last year’
Sun International expects that its interim profit could nearly double, but when adjusted for the devaluation of the Nigerian naira, it will rise only about a tenth.
The casino, gaming and hotel group, valued at about R8.9bn on the JSE, said its headline earnings per share (Heps), a common profit measure in SA that excludes certain items, will surge 73%-98% in its upcoming results for the six months to end-June, to 161c-184c...
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