Sun International Reports Results

28 Aug 2006

SOUTH AFRICA – As reported by the South Africa Mail & Guardian: "South African hotel and gaming group Sun International on Monday reported adjusted headline earnings per share (HEPS) of 546c for the year ended June -- up 33% from the previous year's 411c. Its full year diluted HEPS declined to 431c from 500 cents before.

"Adjusted headline earnings of R602-million were 40% above the previous year. As a result of the increased weighted number of shares in issue due to the acquisition of the Sun International (South Africa) (Sisa) minorities during the course of the previous year, diluted adjusted headline earnings per share of 539c were 33% ahead of last year.

"The group declared a final dividend of 155c compared with 110c before, making a total dividend of 290c -- 45% ahead of last year.

"Group revenue -- at R5,9-billion -- was 16% up on the previous year, while operating profit rose to R1,5-billion from R1,4-billion before. Attributable profit rose to R1,2-billion from R884-million before.

"…Gaming revenue was 18% ahead of last year at R4,5-billion, with both slots and tables showing similar levels of growth.

"…Looking ahead, [Chief Executive, David Coutts-Trotter] said that GDP growth was anticipated to remain healthy and that this should sustain real growth in disposable income. Additionally, continued growth in inbound tourism was also anticipated. Accordingly, the group expects good growth in earnings for both gaming and resorts in the coming year…"

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	Sun International Reports Results 28 Aug 2006 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> SOUTH AFRICA – As reported by the South Africa Mail & Guardian: "South African hotel and gaming group Sun International on Monday reported adjusted headline earnings per share (HEPS) of 546c for the year ended June -- up 33% from the previous year's 411c. Its full year diluted HEPS declined to 431c from 500 cents before. "Adjusted headline earnings of R602-million were 40% above the previous year. As a result of the increased weighted number of shares in issue due to the acquisition of the Sun International (South Africa) (Sisa) minorities during the course of the previous year, diluted adjusted headline earnings per share of 539c were 33% ahead of last year. "The group declared a final dividend of 155c compared with 110c before, making a total dividend of 290c -- 45% ahead of last year. "Group revenue -- at R5,9-billion -- was 16% up on the previous year, while operating profit rose to R1,5-billion from R1,4-billion before. Attributable profit rose to R1,2-billion from R884-million before. "…Gaming revenue was 18% ahead of last year at R4,5-billion, with both slots and tables showing similar levels of growth. "…Looking ahead, [Chief Executive, David Coutts-Trotter] said that GDP growth was anticipated to remain healthy and that this should sustain real growth in disposable income. Additionally, continued growth in inbound tourism was also anticipated. Accordingly, the group expects good growth in earnings for both gaming and resorts in the coming year…"