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TSOGO SUN SOARS ALMOST 10%

Johannesburg – Shares in Tsogo Sun [JSE:TSH] on Friday raced 9.74% higher to R25.24 as the casino and hotels operator said first-half profit was likely to increase by as much as 42%.

Tsogo Sun said on Friday its headline earnings per share for the six months to end-September is expected to be between 37% and 42% higher compared to the prior period’s Heps of 50.1 cents.

Earnings per share is expected to be between 32% and 37% higher, while earnings before interest‚ income tax‚ depreciation‚ amortisation‚ property rentals‚ long-term incentives and exceptional items are expected to be 10% to 15% higher than the same period a year ago.

The interim results are expected on November 19.