Declared Dividend • May 29
Dividend increased to MU₨3.45 Dividend of MU₨3.45 is 33% higher than last year. Ex-date: 10th June 2026 Payment date: 25th June 2026 Dividend yield will be 7.4%, which is higher than the industry average of 5.5%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 23% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 59% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annuncio • May 28
Sun Limited announces Annual dividend, payable on June 25, 2026 Sun Limited announced Annual dividend of MUR 3.4500 per share payable on June 25, 2026, ex-date on June 10, 2026 and record date on June 12, 2026. Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 8 highly experienced directors. 2 independent directors (10 non-independent directors). Independent Non-Executive Director Mushtaq Mohamed Oomar Oosman was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Nov 14
Sun Limited, Annual General Meeting, Dec 03, 2025 Sun Limited, Annual General Meeting, Dec 03, 2025, at 09:30 Arabian Standard Time. Location: hennessy park hotel, ebene, Mauritius Annuncio • May 27
Sun Limited announces Annual dividend, payable on July 21, 2025 Sun Limited announced Annual dividend of MUR 2.6000 per share payable on July 21, 2025, ex-date on June 10, 2025 and record date on June 12, 2025. Annuncio • Nov 19
Sun Limited, Annual General Meeting, Dec 06, 2024 Sun Limited, Annual General Meeting, Dec 06, 2024, at 14:00 Arabian Standard Time. Location: at hennessy park hotel, ebene, Mauritius Reported Earnings • Oct 30
First quarter 2025 earnings released: EPS: MU₨1.02 (vs MU₨0.92 in 1Q 2024) First quarter 2025 results: EPS: MU₨1.02 (up from MU₨0.92 in 1Q 2024). Revenue: MU₨1.21b (up 8.5% from 1Q 2024). Net income: MU₨178.1m (up 11% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Hospitality industry in Africa. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 15
Full year 2024 earnings released Full year 2024 results: Revenue: MU₨5.41b (down 33% from FY 2023). Net income: MU₨1.64b (up 12% from FY 2023). Profit margin: 30% (up from 18% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Hospitality industry in Africa. New Risk • Aug 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Mauritian stocks, typically moving 3.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (3.7% average weekly change). Upcoming Dividend • Jun 03
Upcoming dividend of MU₨2.50 per share Eligible shareholders must have bought the stock before 10 June 2024. Payment date: 26 July 2024. Trailing yield: 4.3%. Lower than top quartile of Mauritian dividend payers (6.3%). Lower than average of industry peers (5.0%). Reported Earnings • May 13
Third quarter 2024 earnings released: EPS: MU₨2.52 (vs MU₨2.28 in 3Q 2023) Third quarter 2024 results: EPS: MU₨2.52 (up from MU₨2.28 in 3Q 2023). Revenue: MU₨2.30b (up 8.2% from 3Q 2023). Net income: MU₨438.7m (up 10% from 3Q 2023). Profit margin: 19% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to MU₨48.00, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 7x in the Hospitality industry in Mauritius. Total returns to shareholders of 307% over the past three years. Reported Earnings • Feb 14
Second quarter 2024 earnings released: EPS: MU₨4.47 (vs MU₨3.68 in 2Q 2023) Second quarter 2024 results: EPS: MU₨4.47 (up from MU₨3.68 in 2Q 2023). Revenue: MU₨2.77b (up 6.9% from 2Q 2023). Net income: MU₨779.2m (up 21% from 2Q 2023). Profit margin: 28% (up from 25% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Annuncio • Nov 29
Sun Limited, Annual General Meeting, Dec 18, 2023 Sun Limited, Annual General Meeting, Dec 18, 2023, at 10:00 Mauritius Standard Time. Location: Hennessy Park Hotel, Ebéne Mauritius Agenda: To receive, consider and approve the Group's and the Company's Financial Statements for the financial year ended 30 June 2023, including the Annual Report and the Auditor's Report, in accordance with section 115(4) of the Companies Act 2001; to re-elect, as Directors of the Company and by way of separate resolutions, to hold office until the next Annual Meeting of the Shareholders the following persons who offer themselves for re-election; to appoint, as Director of the Company to hold office until the next Annual Meeting of the Shareholders, Mr. Vincent Ménez who was nominated by the Board of Directors on 26 May 2023; to take note of the automatic re-appointment of PricewaterhouseCoopers Ltd as auditor of the Company for the financial year ending 30 June 2024, in accordance with section 200 of the Companies Act 2001 and to authorize the Board of Directors of the Company to fix their remuneration; and to consider other matters. Reported Earnings • Oct 27
First quarter 2024 earnings released: EPS: MU₨0.84 (vs MU₨0.08 in 1Q 2023) First quarter 2024 results: EPS: MU₨0.84 (up from MU₨0.08 in 1Q 2023). Revenue: MU₨1.81b (up 17% from 1Q 2023). Net income: MU₨147.0m (up MU₨132.8m from 1Q 2023). Profit margin: 8.1% (up from 0.9% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 16
Full year 2023 earnings released: EPS: MU₨8.42 (vs MU₨1.07 in FY 2022) Full year 2023 results: EPS: MU₨8.42 (up from MU₨1.07 in FY 2022). Revenue: MU₨8.13b (up 68% from FY 2022). Net income: MU₨1.47b (up MU₨1.28b from FY 2022). Profit margin: 18% (up from 3.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. New Risk • Aug 14
New major risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Mauritian stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.1% average weekly change). Large one-off items impacting financial results. Upcoming Dividend • Jun 20
Upcoming dividend of MU₨2.00 per share at 6.1% yield Eligible shareholders must have bought the stock before 27 June 2023. Payment date: 31 July 2023. Trailing yield: 6.1%. Lower than top quartile of Mauritian dividend payers (6.2%). Higher than average of industry peers (5.5%). New Risk • Jun 19
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 6.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.7% average weekly change). Large one-off items impacting financial results. New Risk • Jun 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Mauritian stocks, typically moving 4.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (4.7% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to MU₨32.00, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 6x in the Hospitality industry in Mauritius. Total returns to shareholders of 106% over the past three years. Reported Earnings • Feb 12
Second quarter 2023 earnings released: EPS: MU₨3.68 (vs MU₨1.77 in 2Q 2022) Second quarter 2023 results: EPS: MU₨3.68 (up from MU₨1.77 in 2Q 2022). Revenue: MU₨2.59b (up 42% from 2Q 2022). Net income: MU₨641.6m (up 108% from 2Q 2022). Profit margin: 25% (up from 17% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annuncio • Nov 24
Sun Limited, Annual General Meeting, Dec 14, 2022 Sun Limited, Annual General Meeting, Dec 14, 2022, at 14:00 Mauritius Standard Time. Location: Labourdonnais Waterfront Hotel, Le Sirius Conference Room Caudan Waterfront Port Louis Mauritius Agenda: To receive, consider and approve the Group's and the Company's Financial Statements for the financial year ended 30 June 2022, including the Annual Report and the Auditor's Report, in accordance with section 115(4) of the Companies Act 2001; to re-elect, as Directors of the Company and by way of separate resolutions, to hold office until the next Annual Meeting; to appoint the auditor of the Company for the financial year ending 30 June 2023 and authorize that the Directors of the Company fix their remuneration; to ratify the remuneration paid to the auditor for the financial year ended 30 June 2022. Reported Earnings • Nov 02
First quarter 2023 earnings released: EPS: MU₨0.08 (vs MU₨2.49 loss in 1Q 2022) First quarter 2023 results: EPS: MU₨0.08 (up from MU₨2.49 loss in 1Q 2022). Revenue: MU₨1.54b (up 451% from 1Q 2022). Net income: MU₨14.2m (up MU₨448.8m from 1Q 2022). Profit margin: 0.9% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 13
Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2022 results: EPS: MU₨1.77 (up from MU₨2.15 loss in 2Q 2021). Revenue: MU₨1.82b (up 387% from 2Q 2021). Net income: MU₨308.4m (up MU₨684.8m from 2Q 2021). Profit margin: 17% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 5.2%. Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 25% per year. Reported Earnings • May 13
Third quarter 2021 earnings released: MU₨2.03 loss per share (vs MU₨0.18 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: MU₨299.5m (down 81% from 3Q 2020). Net loss: MU₨354.2m (down MU₨384.9m from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 24
New 90-day low: MU₨11.50 The company is down 12% from its price of MU₨13.00 on 26 November 2020. The Mauritian market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is flat over the same period. Reported Earnings • Feb 12
Second quarter 2021 earnings released: MU₨2.34 loss per share (vs MU₨1.87 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: MU₨448.2m (down 80% from 2Q 2020). Net loss: MU₨408.9m (down 225% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 92% per year but the company’s share price has only fallen by 37% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 28
New 90-day low: MU₨12.95 The company is down 11% from its price of MU₨14.60 on 30 October 2020. The Mauritian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 7.0% over the same period. Annuncio • Nov 26
Sun Limited, Annual General Meeting, Dec 17, 2020 Sun Limited, Annual General Meeting, Dec 17, 2020, at 10:00 Coordinated Universal Time. Location: Hennessy Park Hotel, Ebony 2 Conference Room, 65 Cybercity Ebene Mauritius Agenda: To receive, consider and approve the Group's and the Company's Financial Statements for the financial year ended 30 June 2020, including the Annual Report and the Auditors' Report, in accordance with section 115(4) of the Companies Act 2001; to re-elect, as Directors of the Company and by way of separate resolutions, to hold office until the next Annual Meeting, the following persons who offer themselves for re-election; to take note of the automatic re-appointment of PricewaterhouseCoopers Ltd as auditor of the Company for the financial year ending 30 June 2021, in accordance with section 200 of the Companies Act 2001 and to authorise the Board of Directors of the Company to fix their remuneration; and to ratify the remuneration paid to the auditor for the financial year ended 30 June 2020. Annuncio • Sep 26
Sun Limited to Report Fiscal Year 2020 Results on Nov 30, 2020 Sun Limited announced that they will report fiscal year 2020 results on Nov 30, 2020 