Hosken holds on to dividend as Covid-19 hits hotels and gaming

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South Africa Headlines News

The group reported a 78% fall in headline earnings in its year to end-March, with its gaming interests under most pressure from the pandemic 🔒

Empowerment conglomerate Hosken Consolidated Investments , which is headed by Johnny Copelyn, has held on to its full-year dividend after Covid-19 hit its gaming, media and hotel interests.

Headline earnings, the main profit measure in SA that excludes certain one-off items, fell 78% to R233m in the group’s year to end-March, with hotels contributing a loss of R317m and gaming a loss of R20.5m...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Source: News Formal (newsformal.com)

 

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