Southern Sun records profits

JOHANNESBURG - Southern Sun says its full-year results have been boosted by recovery in tourism, and increased demand for events and conferences.

Occupancy at its hotels was at just over 50-percent in the past financial year, which ended on 31 March.

That is up from just over 30-percent the year before.

READ: Tsogo Sun Results | Revenue up, occupancies still low

The group operates over 90 hotels and resorts under a number of brands.

Profit for the year was R741-million, a reversal of last year's R156 million loss.

Over the past year, Southern Sun spent R41-million rand on diesel for generators due to power cuts.

That is four times more than in the previous financial year.