Tsogo Sun Holdings Limited Provides Earnings Guidance for the Year Ended 31 March 2017
Tsogo Sun Holdings Limited provided earnings guidance for the year ended 31 March 2017. The company expected revenue is expected to be between 7% and 9% higher (ZAR 860 million and ZAR 1,105 million higher) compared to the prior comparative period of ZAR 12,283 million. EBITDAR is expected to be between 10% and 12% higher (ZAR 454 million and ZAR 545 million higher) compared to the prior comparative period of ZAR 4,543 million. EPS is expected to be between 37% and 41% higher (69.7 cents and 77.2 cents higher) compared to the prior comparative period EPS of 188.3 cents. EPS, previously reported as 186.8 cents, has been restated for a change in accounting policy as noted in the interim financial statements published for the six months ended 30 September 2016. HEPS is expected to be between 12% and 14% higher (22.6 cents and 26.3 cents higher) compared to the prior comparative period HEPS of 188.1 cents; and Adjusted HEPS is expected to be between 5% and 7% higher (9.8 cents and 13.8 cents higher) compared to the prior comparative period Adjusted HEPS of 196.5 cents.