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SUN INTERNATIONAL LIMITED - Further trading statement

Release Date: 28/09/2017 15:16
Code(s): SUI     PDF:  
Wrap Text
Further trading statement

SUN INTERNATIONAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/007528/06)
Share code: SUI
ISIN: ZAE000097580
("Sun International" or “the Company”)

FURTHER TRADING STATEMENT

Shareholders are referred to the trading statement released by the Company on SENS on 13
September 2017, wherein it was advised that Sun International’s headline earnings per share
for the financial half-year ended 30 June 2017 is expected to be a loss of between 65 cents
per share and 77 cents per share compared against the prior corresponding period’s
headline earnings profit of 87 cents per share, while, basic earnings per share for the
financial half year ended 30 June 2017 is expected to be a loss of between 90 cents per
share and 96 cents per share compared against the prior corresponding period’s profit of 32
cents per share.

Shareholders are advised that the Board of Sun International has re-assessed and
consequently adjusted the extent of an impairment taken in accordance with IFRS 2 (Share
Based Payment). As a result, it is expected that the basic earnings per share loss will be
lower than reported in the previous trading statement. The headline earnings per share loss
is however expected to be higher as the impairment charge cannot be adjusted for headline
earnings. There has been no change to the adjusted diluted headline earnings per share
range previously reported to shareholders.

Accordingly, it is now advised that the Board of the Company is reasonably certain that Sun
International’s headline earnings per share for the financial half-year ended 30 June 2017 is
expected to be a loss of between 71 cents per share and 85 cents per share compared
against the prior corresponding period’s headline earnings profit of 87 cents per share, while,
basic earnings per share for the financial half year ended 30 June 2017 is expected to be a
loss of between 56 cents per share and 62 cents per share compared against the prior
corresponding period’s profit of 32 cents per share.

Sun International’s interim financial statements for the financial half year ended 30 June
2017 are expected to be announced on or about Monday, 2 October 2017.

This further trading statement has not been reviewed or reported on by Sun International’s
external auditor.


By Order of the Board.

Johannesburg
28 September 2017


Sponsor to Sun International
RAND MERCHANT BANK (a division of Firstrand Bank Limited)


Date: 28/09/2017 03:16:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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