SUN INT'L POSTS $7.5 MILLION NET LOSS

November 05, 2001 10:45 PM
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Sun International Hotels reported a third quarter net loss of $7.5 million, compared to recurring earnings of $9.2 million reported last year.

The loss per share was $.28, compared to recurring earnings per share of $.10 for the same period last year.

The reduction in profitability is attributed to reduced occupancy levels at the company's Atlantis resort in the Bahamas, whose EBITDA slumped 38% to $14.3 million in the quarter, compared to $23.2 million last year.