Southern Sun Ltd JSE:SSU:
JSE: SSU - PROPOSED TRANSACTION TO ACQUIRE A 50% UNDIVIDED SHARE IN CERTAIN SANDTON CONSORTIUM PROPERTIES OPERATED BY THE GROUP
SOUTHERN SUN LTD - LIBERTY'S 75% INTEREST IN TARGET ASSETS VALUED AT R 1102 MILLION
SSU Proposed Transaction To Acquire 50% Undivided Share In Certain Sandton Consortium Properties
Earlier from Southern Sun
- SSU: Income up 5% to R3.1bn, Ebitdar margin at 26%, offshore revenue down 29% on closures
- SSU: Record revenue, profit, and cash flow growth; net debt slashed and dividend doubled
- SSU: Revenue, earnings, and margins up; debt down; outlook positive with sector tailwinds
- SSU: Profit after tax increased 19% to R757.9 million, with a final dividend declared and strong liquidity maintained
Later from Southern Sun
- Southern Sun Terminates Proposed Acquisition Of 50% Share In Sandton Consortium Properties
- SSU: Double-digit EBITDA growth, strong cash flow, and major refurbishments drive positive outlook
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