Although the rest of the semester would be challenging for its business

Sun International first quarter revenues up 3 %

(South Africa).- South African biggest casino operator Sun International informed that first-quarter revenue grew 3 % but forecast the rest of the first-half would be challenging for its gambling business.
2008-11-03
Reading time 22 seg

Sun International said casino and room revenue increased 1 % and 13 % respectively compared with the year-ago period. Food, beverage and other revenues were up 8 %.

The company said earnings before interest, tax, depreciation and amortization (EBITDA) fell to us$ 64.03 million compared to us$ 64.7 million. It added that its overall EBITDA margin fell 1.5 percentage points to 33.5 %.

Sun International said its expected the rest of the first half would challenging for its casinos business, although that would be offset to some extent by stronger growth in hospitality revenues.

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