Southern Sun anticipates a significant increase in both revenue and earnings for its most recent interim trading period.<\/p>\n\n\n\n
In a trading update published on the Stock Exchange News Service (SENS), the company said it expects earnings per share to increase by up to 39%.<\/p>\n\n\n\n
The group noted that, for the six months ended 30 September 2026, overall occupancy had increased by between 59.1% and 61.8%.<\/p>\n\n\n\n
“For the six months ended 30 September 2026, the Group\u2019s overall occupancy increased from 59.1% to 61.8%, while average room rates increased by 9%,” Southern Sun said.<\/p>\n\n\n\n
“This resulted in total revenue growth of 12%, comprising revenue growth of 10% from the South African portfolio and 55% from the offshore segment”.<\/p>\n\n\n\n
The group said its operating expenses increased by 8% during the interim period, while some expenses exceeded inflation.<\/p>\n\n\n\n
“Operating expense growth was contained to 8%, notwithstanding above-inflationary cost pressures relating to information technology, utilities, property rates and online travel agent commissions,” it said.<\/p>\n\n\n\n
The increased revenue from higher occupancy rates has led Southern Sun to forecast higher earnings per share.<\/p>\n\n\n\n
The group expects earnings per share to be between 32.1 cents and 34.1 cents, a 31% to 39% increase from the previous interim period.<\/p>\n\n\n\n
For Headline Earnings Per Share (HEPS), Southern Sun said it anticipates a range of 33.6 to 35.6 cents, representing a 35% to 44% increase.<\/p>\n\n\n\n
Adjusted Headline Earnings Per Share (AHEPS) are expected to rise by a similar amount, between 35% and 43%.<\/p>\n\n\n\n
Southern Sun is the largest hospitality group in South Africa, with a market cap of over R14 billion.<\/p>\n\n\n\n
It operates 95 hotels and resorts across South Africa, Africa, the Seychelles, and the Middle East.<\/p>\n\n\n\n
Its portfolio comprises well-known hospitality properties such as Arabella Hotel, Golf & Spa; the Beverly Hills in uMhlanga; Mount Grace Hotel & Spa; and the Sandton Sun & Towers.<\/p>\n\n\n\n
| <\/td> | Six months ended 30 September 2026<\/strong><\/td>| Six months ended 30 September 2025<\/strong><\/td> | Change %<\/strong><\/td><\/tr> | Earnings per share (cents)<\/td> | 32.1 \u2013 34.1<\/td> | 24.5<\/td> | 31% \u2013 39%<\/td><\/tr> | HEPS (cents)<\/td> | 33.6 \u2013 35.6<\/td> | 24.8<\/td> | 35% \u2013 44%<\/td><\/tr> | AHEPS (cents)<\/td> | 33.6 \u2013 35.6<\/td> | 24.9<\/td> | 35% \u2013 43%<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n | \n","protected":false},"excerpt":{"rendered":" Southern Sun is expecting strong results for its latest interim period, buoyed by higher occupancy rates over the six-month period.<\/p>\n","protected":false},"author":131,"featured_media":843742,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"failed","_sma_x_autopost_error":"Instagram publishing failed: Instagram returned HTTP 400: Media ID is not available","_sma_x_post_id":"2120855134586486944","_sma_facebook_post_id":"191437357620492_2270580363762362","_sma_instagram_post_id":"","_sma_x_attempts":1,"footnotes":""},"categories":[9872],"tags":[1364,4679,4987],"class_list":["post-884003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-sens-2","tag-southern-sun","tag-sun-international"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/884003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/131"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=884003"}],"version-history":[{"count":12,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/884003\/revisions"}],"predecessor-version":[{"id":884056,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/884003\/revisions\/884056"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/843742"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=884003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=884003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=884003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} |