Peermont
Earnings Up
As reported by Reuters: "South
Africa's second-biggest hotel and casino company
Peermont Global boosted first-half headline earnings
per share by 52 percent and forecast solid results
for the full year on Monday.
"The company said in a statement headline earnings
per share, which strip out capital, non trading
and certain extraordinary items, rose 52 percent
to 43.3 cents in the six months to end June. Adjusted
headline EPS, stripping out a one-off option gain,
rose 18 percent to 26.5 cents.
"…Peermont, which runs hotels and casinos
in South Africa and Botswana, last month predicted
first-half headline EPS would jump 45-55 percent
thanks to stronger revenues and a one-off gain linked
to a big acquisition.
"Chief Financial Officer Anthony Puttergill
told Reuters in an interview on Monday the company
expected full-year headline earnings to be in line
with analyst forecasts of between 60 and 63 cents
per share.
"Shares in Peermont were down 0.12 percent
at 8.49 rand by 0943 GMT, in line with the JSE Securities
Exchange's index of midcap stocks…"
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