Sun International reported a 9.1% rise in first-half earnings on Monday, as record growth in the South African casino and hotel group’s betting business helped drive its income.
The owner of the Sun City resort and Maslow Sandton and Table Bay high-end hotels said adjusted headline earnings per share – its main profit measure – rose to 2.15 rand ($0.1201) in the six months to June 30, from 1.97 rand a year earlier.
Shares were trading 3.35% higher at 1014 GMT on the results.
Sunbet was the stand-out with a 71.8% rise in income to 512 million rand [$28.6 million]. Sun International, which achieved mixed results across its segments, said in a statement its urban casino income – its biggest revenue generator – was flat at 3.3 billion rand [$184 million].
