Business
TSG: Headline earnings up, adjusted EBITDA down, net debt reduced, and dividend halved
TSG: Headline earnings up, adjusted EBITDA down, net debt reduced, and dividend halved
About this update from 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.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.