Kaya 959 Kaya Biz

Southern Sun reports record results and declares its first dividend since listing

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GUEST – Marcel von Aulock – Southern Sun CEO
Leading hotel operator Southern Sun reported revenue growth of 19% to R6.0 billion, aided by more a normalised demand from local and international travellers and strong demand for conferencing and events.
Highlights
● Revenue up 19% to R6.0 billion
● Ebitdar up 32% to R1.9 billion
● Adjusted HEPS up 88% to 56.4 cents
● Net debt reduced to R1.0 billion
● Share buybacks of R617 million
● Dividend per share of 12.5 cents per share
22 May 2024 1PM English South Africa Business News · Investing

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