Diluted HEPS 191.0cps (+1.6% y-y).
Net Income increased by 5.0% y-y to R5 999m. Turnover from net gaming wins increased by 3.4% y-y to R4 641m. Turnover from other revenue increased by 10.9% y-y to R1 358m.
Expenses increased by 5.1% y-y while expense-to-sales increased from 80.0% to 80.1%.
OPM decreased by 10bps to 19.9%.
Dividend of 161.0cps (1H23: 148.0cps).
Cash generated from operating activities up 17.8% y-y to R1 714m.
Gross debt improved from R7.5bn to R6.1bn. SUI intends to use the proceeds from the TCN sale to lower debt further.
Concluded and implemented the transaction to dispose of investment in TCN. The Transaction purchase price payable by RFC Ltd. to Sun International amounted to the sum of US$14.55 million (circa R269 million).
Casino income at the group’s four largest urban casinos grew by 2.2% y-y while the smaller regional casino growth remained challenging.
