Peermont Earnings Up As reported by Reuters: "South Africa's second-biggest hotel and casino company Peermont Global boosted first-half headline earnings per share by 52 percent and forecast solid results for the full year on Monday.
"The company said in a statement headline earnings per share, which strip out capital, non trading and certain extraordinary items, rose 52 percent to 43.3 cents in the six months to end June. Adjusted headline EPS, stripping out a one-off option gain, rose 18 percent to 26.5 cents. "…Peermont, which runs hotels and casinos in South Africa and Botswana, last month predicted first-half headline EPS would jump 45-55 percent thanks to stronger revenues and a one-off gain linked to a big acquisition. "Chief Financial Officer Anthony Puttergill told Reuters in an interview on Monday the company expected full-year headline earnings to be in line with analyst forecasts of between 60 and 63 cents per share. "Shares in Peermont were down 0.12 percent at 8.49 rand by 0943 GMT, in line with the JSE Securities Exchange's index of midcap stocks…"
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