Gaming and leisure group Sun International made the most of the weak hand that it was dealt in the year to the end of June. Results released yesterday showed that a focus on cost efficiencies allowed Sun to record a slightly stronger second half, with a 5% gain in full-year earnings before interest, tax, depreciation and amortisation (Ebitda) to R3bn, coming off a 5% gain in revenue to almost R11bn. Sun executives described trading conditions as subdued, with minimal improvement expected in the medium term. Dirk van Vlaanderen comments on the company’s results.
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