Sun International Limited - Trading Statement
Sun International Limited
Incorporated in the Republic of South Africa
(Registration number: 1967/007528/06)
Share code: SUI
ISIN: ZAE000070678
TRADING STATEMENT
Sun International published a business update on 25 October 2005 providing
details of the trading for the quarter ended 30 September 2005. October and
November trading has remained strong with revenues 14% and 22% above the
previous year respectively. As a consequence of the strong trading and improved
margins, adjusted headline earnings per share for the half year ending 31
December 2005 is expected to be between 30% and 40% above the same six month
period in the previous year. This projection has been prepared using accounting
policies, practices and disclosures consistent with those used in the
presentation of results for the year ended 30 June 2005, and assuming that the
Rand/US Dollar exchange rate on converting foreign currency cash holdings
remains at current levels.
As a result of the profit on the sale of the group"s interest in City Lodge
Hotels Limited, earnings per share for the half year ending 31 December 2005 is
expected to be between 160% and 170% above the same six month period in the
previous year.
The revisions to International Financial Reporting Standards (IFRS) are likely
to impact on the disclosures of the group"s interim results for the six months
ending 31 December 2005. While disclosures such as EBITDA and adjusted headline
earnings will no longer be permitted under the revised IFRS, it is our intention
to provide this analysis as supplementary information to the interim profit and
dividend announcement which is expected to be published on or about 2 March
2006.
This financial information has not been reviewed or reported on by the group"s
auditors.
Sandton
12 December 2005
Sponsor:
Investec Bank Limited
Date: 12/12/2005 09:00:04 AM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
