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Gambling Interests Boost Real Africa Earnings

15 June 2004

SOUTH AFRICA – As reported by the All Africa.com: "Real Africa Holdings' (RAH) gaming interests and the disposal of its noncore assets helped bring about a tenfold increase in earnings for the year to end March.

"The company said yesterday it recorded an increase in earnings attributable to ordinary shareholders from R28,8m (US$4.44 million) to R292,5m (US$45.1million) for the year under review.

"The holding company has been restructured, disposing of most of its unwanted assets and trimming its businesses to focus mostly on the gaming industry and other unlisted entities.

"…RAH said it increased earnings a share to 78,7c from 7,8c a share. Headline earnings a share also improved to 81,0c a share from 16,3c a share…"

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