Peermont Profits Up
As reported by the South Africa Money Web: "A strong showing in financial 2005 from the East Rand's Emperors Casino, coupled with a bigger stake in that operation helped Peermont Global deliver a 33% increase in headline profits for the year to end-December 2005.
"Pallavi Ambekar, an analyst at Coronation Fund Managers which holds 18,9% of Peermont's share capital on behalf of shareholders through nine unit trust funds says the results are very pleasing: 'At this point, it would be the preferred entry point to the sector.'
"The JSE-listed gaming and hospitality company said revenue for the year increase by 35% to R1,2bn, while headline earnings per share (Heps) increase by 33% to 66,6c. Adjusted Heps (which exclude a once-off option gain) were up 17% to 58,7c, while the dividend was increased by 18% to 32,4c "
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