CASINO SOUTH AFRICA South Africa’s Tsogo Sun Gaming’s earnings hit by higher finance costs 4 years ago Iwo Bulski Post Views: 726 South African casino operator Tsogo Sun Gaming reported lower adjusted headline earnings per share on Thursday, hurt by higher finance costs. Adjusted headline earnings per share was 68.4 cents for the six months ended Sept. 30, compared to 78.8 cents last year. Tsogo Sun Gaming said it has been focusing on cutting costs and improving operational efficiency at its head office and casinos, and the actions will be bear fruit in the next financial year. “With the further focus of appropriate and reduced capital expenditure spend, the group intends to reduce debt levels in the next financial year,” – the company said. First-half total income rose 5% to 6 billion rand ($406.39 million) from growth in its gaming, food and hotel room businesses. Tsogo Sun Hotels, which was spun out from Tsogo Sun earlier this year, reported first-half headline earnings per share of 5.2 cents in a separate announcement. Headline EPS is the main profit measure in South Africa and strips out certain one-off items. Source: reuters.com About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: South Africa, Tsogo Sun Continue Reading Previous All bets are off at illegal casinoNext Youth held for betting in South Africa’s Mzansi Super League More Stories CASINO WORLD NEWS Novomatic has appointed Stefan Krenn as a new member of its Executive Board 7 hours ago Iwo Bulski EXPERTS SOUTH AFRICA South Africa lined up to host SiGMA Africa 2024 expo 1 day ago Iwo Bulski CASINO WORLD NEWS Macau: Casinos set for bumper month 2 days ago Szarlot ONLINE SOUTH AFRICA Popular Casino Games In South Africa 5 days ago Szarlot ONLINE SOUTH AFRICA South Africa edging closer to issuing VASP licenses: FSCA official 6 days ago Samuel LOTTERIES SOUTH AFRICA R30 ticket scores unemployed winner R14 million Powerball Plus jackpot 1 week ago Samuel CASINO WORLD NEWS Czech regulator confirms Prague slot machine ban now in effect 1 week ago Iwo Bulski BETTING SOUTH AFRICA FSB and SuperSportBet unveil partnership for tailored South African content 1 week ago Samuel CASINO ONLINE TGCasino Bringing Global Sports Gaming to Africa With TGC Token 1 week ago Samuel CASINO HISTORY Top 7 Biggest Wins in Gambling History 1 week ago Samuel ONLINE SOUTH AFRICA From Bets to Budgets: Affordability and Betting in SA 2 weeks ago Samuel LOTTERIES SOUTH AFRICA LOTTO: The next BIG jackpots for 2024 2 weeks ago Samuel Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.