Tsogo Sun LimitedJSE: TSG

TSG: Headline earnings up, adjusted EBITDA down, net debt reduced, and dividend halved

· Issued by Tsogo Sun Limited

Headline earnings rose 1% year-over-year and 8% sequentially, while adjusted EBITDA declined 3% year-over-year but improved sequentially. Net debt was reduced, and the interim dividend was halved to accelerate debt repayment and share buy-backs. Regulatory and economic pressures persist.

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