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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