Southern Sun (TGO) Results Snapshot FY21

Diluted HEPS -8.2cps compared to -63.5cps LY.
Revenue rose by +132.8% y-y to R2 708m.
OPM improved from –56.4% to 6.2%.
Expenses to revenue improved from 156.4% LY to 93.8% CY.
No dividend declared.
Gross debt down -11.3% y-y to R3 537m
Hotel occupancy has increased from 12.2% LY to 30.3%
Tsogo Sun Hotels has been rebranded as Southern Sun