South African hotel and casino operator Tsogo Sun Holdings Ltd.’s full-year profit jumped 11 percent on the back of left and right acquisitions, including a controlling stake in Hospitality Property Fund.

For the full-year ending March 31, Tsogo Sun announced that its earnings before interest, tax, depreciation, amortization (EBITDA) grew to R5 billion ($380.81 million) while revenue for the gaming division rose 3% to R9.1 billion (US$704.53 million), with gaming win growth disappointing at 2%.

Adjusted headline earnings per share for the full-year ended March 31 rose 6% to 207.6 cents against 196.5 cents in the prior year, according to Africa’s biggest hotels and gambling operator

“This performance was largely due to the group’s M&A activity,” Tsogo Sun said in a statement, according to MoneyWeb.