Sun International (SUI) 1H23 – Results Snapshot

Diluted HEPS 170.0cps (+82.8% y-y).
Net Income increased by 11.7% y-y to R5 785m. Turnover from net gaming wins increased by 6.6% y-y to R4 514m. Turnover from other revenue increased by 34.5% y-y to R1 271m.
OPM decreased by 40bps to 19.6%.
Expenses increased by 12.3% y-y while expense to sales increased from 80.0% to 80.4%.
Dividend of 148.0cps.
Cash generated from operating activities up 11.2% y-y to R1 455m.