You are currently viewing our desktop site, do you want to download our app instead?
Moneyweb Android App Moneyweb iOS App Moneyweb Mobile Web App
Join our mailing list to receive top business news every weekday morning.

Tsogo Sun Hotels flags lower core profit

Due to travel restrictions.

South Africa’s Tsogo Sun Hotels, one of many tourism firms to be hit hard by the impact of the coronavirus, said on Thursday it could face a fall of up to 10% in full-year core earnings due to the drop in local and international travel.

Tsogo Sun said earnings before interest, income tax, depreciation, amortisation, rent, long term incentives and exceptional items for the year ended March 31 was expected to be 8% to 10% lower than the R1.4 billion a year earlier.

Get access to Moneyweb's financial intelligence and support quality journalism for only
R63/month or R630/year.
Sign up here, cancel at any time.

COMMENTS   0

You must be signed in to comment.

SIGN IN SIGN UP

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR

Podcasts

NEWSLETTERS WEB APP SHOP PORTFOLIO TOOL TRENDING CPD HUB

Follow us:

Search Articles:Advanced Search
Click a Company: