Diluted HEPS 73.1cps (-14.8% y-y).
Net turnover decreased by 4.2% y-y to R5 607m. Net gaming win revenue decreased by 5.4% y-y to R4 685m. Food and beverage revenue decreased by 1.8% y-y to R324m. Rooms revenue increased by 1.6% y-y to R261m.
Expenses decreased by 0.4% y-y while expenses-to-sales increased from 72.5% to 75.4%.
OPM decreased by 290bps to 24.6%.
Dividend of 30.0cps (LY: 30.0cps).
Cash generated from operating activities down 12.6% y-y to R1 095m.
Some of the smaller, medium-sized and outlying casinos experienced pressure on revenue and adjusted EBITDA, while the group’s largest casino, Montecasino, remained strong.
Substantial investments planned for the Western Cape, should contribute considerably to the tourism attraction of both the Helderberg and Overberg regions. This includes a development in Somerset West and upgrades to the Caledon site.
