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Sun rides out 'subdued' year – Business Day

Sun rides out 'subdued' year – Business Day

Gaming and leisure group Sun International made the most of the weak hand that it was dealt in the year to the end of June. Results released yesterday showed that a focus on cost efficiencies allowed Sun to record a slightly stronger second half, with a 5% gain in full-year earnings before interest, tax, depreciation and amortisation (Ebitda) to R3bn, coming off a 5% gain in revenue to almost R11bn. Sun executives described trading conditions as subdued, with minimal improvement expected in the medium term. Dirk van Vlaanderen comments on the company’s results.