HCI: Results are ‘relatively flat’

Published May 25, 2015

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HOSKEN Consolidated Investments (HCI) produced what it called a “relatively flat set of results”, with a 2 percent increase in headline earnings per share for the year to March, although other numbers were skewed by the inclusion of earnings from Tsogo Sun for part of the year due to the “acquisition” of this entity effective from the end of August. Revenue at the black empowerment investment holding company, including net gaming win, increased by 90 percent from R9.08 billion to R17.27bn, although this was skewed by the consolidation of Tsogo Sun’s revenue for the seven months from September 2014

. – ANA

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