|
|
|
|
|
|
|
|
|
|
Previous: SUN INTERNATIONAL HOTELS LTD, SC TO-I, EX-99.(4)(A), 2000-06-26 |
Next: PAUZE FUNDS, N-30D, 2000-06-26 |
<PAGE>
Exhibit 99.4(b)
SUN INTERNATIONAL HOTELS LIMITED
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In Thousands of Dollars Except Per Share Data)
(Unaudited)
<TABLE>
<CAPTION>
For the Three Months
Ended March 31,
--------------------
2000 1999
-------- --------
<S> <C> <C>
Revenues:
Casino and resort revenues $200,872 $185,700
Less: promotional allowances (15,078) (13,372)
-------- --------
185,794 172,328
Tour operations 8,621 6,899
Management and other fees 7,749 11,107
Other 729 706
-------- --------
202,893 191,040
-------- --------
Expenses:
Casino and resort expenses 112,158 104,448
Tour operations 7,969 7,029
Selling, general and administrative 25,436 20,313
Corporate expenses 5,794 5,377
Depreciation and amortization 14,355 13,682
-------- --------
165,712 150,849
-------- --------
Operating Income 37,181 40,191
Other income and expenses:
Interest income 841 3,414
Interest expense, net of capitalization (11,476) (11,922)
Equity in earnings of associated companies 1,145 1,191
Other, net - 672
-------- --------
Income before income taxes 27,691 33,546
Provision for income taxes (354) (2,158)
-------- --------
Net income $ 27,337 $ 31,388
======== ========
Diluted earnings per share $ 0.83 $ 0.92
Weighted average number of shares outstanding (a) 33,080 34,221
</TABLE>
--------------
(a) Includes the effect of outstanding stock options.
|
|