Sun International’s full year HEPS rose 17.4% to 499c, topping the company’s guidance midpoint | Adj HEPS climbed 13.5% to 531c, coming in toward the top end of the guided range, & supporting a total dividend of 398c vs Bloomberg’s 392c consensus | Continuing income grew 5.1% to R12.6 bn, slightly below Bloomberg’s 5.6%, & R12.8 bn expectation, driven by a record 60.6% increase at SunBet | Adjusted EBITDA increased 3% to R3.5 bn, underperforming the Bloomberg estimate for a 7.9% gain to R3.7 bn, reflecting the drag by Sun Slots | Urban casinos grew 0.7% as expected, resorts & hotels rose 10.9% per guidance, but Sun Slots fell 3.1%, in line with guidance.
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