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Investment holding company has returned to its gambling roots
24 March 2023 – 14:11 Nico Gous
Grand Parade Investments’ (GPI) interim profit soared as the hospitality sector continued its recovery, helped by a strong performance from the gaming assets of the investment holding company and a reduction in the costs of its corporate head office.
The company, which is valued at R1.57bn on the JSE, reported net profit from continuing operations jumped 41.3% year on year to R42.7m and more than doubled to R32.3m for SunWest, which owns Grand West in Cape Town…
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