Edition:
United States

Sun International Sees FY Headline Loss Of Between 161-196 Cents Per Share ​


Friday, 9 Mar 2018 10:00am EST 

March 9 (Reuters) - Sun International Ltd ::SUN INTERNATIONAL - HEPS FOR FINANCIAL YEAR ENDED 31 DECEMBER 2017 IS EXPECTED TO BE A LOSS OF BETWEEN 161 CENTS PER SHARE AND 196 CENTS PER SHARE​.SUN INTERNATIONAL - ‍FY ADJUSTED DILUTED HEADLINE EARNINGS PER SHARE IS EXPECTED TO BE A PROFIT OF BETWEEN 268 CENTS PER SHARE AND 328 CENTS PER SHARE​.SUN INTERNATIONAL - ‍EARNINGS WERE IMPACTED BY NOT ACCOUNTING FOR FULL DEFERRED TAX ASSET ON LOSSES OF SUN TIME SQUARE.SUN INTERNATIONAL LTD - ‍ EARNINGS ALSO WERE IMPACTED BY GROUP HAVING TO CONSOLIDATE BEE TRUSTS' 10% INTEREST IN SUN TIME SQUARE​.SUN INTERNATIONAL LTD - ‍BOARD HAS DEEMED IT PRUDENT TO EMBARK ON A CAPITAL RAISE EXERCISE OF R1.5 BILLION IN ORDER TO DE-RISK COMPANY'S BALANCE SHEET​.SUN INTERNATIONAL - ‍PROCEEDS FROM PROPOSED RIGHTS OFFER WILL BE USED TO REPAY DEBT, THEREBY CREATING HEADROOM IN RELATION TO RELEVANT DEBT COVENANTS​. 

Company Quote

5286.0
-20.0 -0.38%
9:05am EDT