Sun International Limited provided earnings guidance for the year ended June 30, 2014. Over the past six months of the financial year the group has experienced an improvement in casino trading at its South African operations with gaming revenue up 6% following the subdued growth of 3% in the first half. The improved trading, together with cost cutting initiatives, has resulted in EBITDA increasing by 16% in the second half and 5% for the year.

The basic and headline earnings per share for the year ended June 30, 2014 are expected to be between 23% and 28% lower than the 764 cents per share than the prior year. Headline earnings and basic earnings were impacted by certain one off charges relating to the section 189A staff restructure, pre-opening costs and an impairment charge relating to the Maslow hotel. Diluted adjusted headline earnings per share are expected to be between 5% and 10% lower than the 715 cents per share of the prior year.

This is a significant improvement on the 18% decline experienced in the first half.