Loading...
See More

Naspers forecasts earnings rise

Jun 14 2011 16:44 Reuters

Company Data

NASPERS LIMITED [JSE:NPN]

Last traded 0
Change 25,21
% Change 0
Cumulative volume 695662
Market cap 618.91bn

Last Updated: 19-12-2014 at 04:41. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Tencent drags down Naspers

Mail.ru stake for sale, Naspers holds on

Naspers falls further on Tencent jitters

Naspers falls on Tencent growth fears

Profit rise for Tencent

Profit jump for Tencent

 

Johannesburg - Internet and media firm Naspers [JSE:NPN] said on Tuesday it expects full-year earnings to climb by as much as 20%, disappointing investors who had been betting on stronger growth.

Naspers, an emerging markets-focused company that has stakes in leading Chinese and Russian internet firms, said in a statement it expects to report a 10% to 20% increase in core headline earnings per share for the year to end-March.

The company considers core headline EPS, which excludes certain one-time items, to be the best indicator of its operating profit. Core headline EPS totalled 1 426 cents in the previous year.

Shares of the company dropped sharply, indicating investors had likely hoped for stronger growth this year. Shares were down 3.2%  at R374.75 in Tuesday afternoon trade.

Naspers has avoided the media industry's sharp decline by focusing on technology and emerging markets. It holds 30% in Tencent Holdings, China's biggest internet firm, and a stake in Russia’s Mail.ru.

* Fin24 is a Naspers publication.

 
mail.ru  |  tencent holdings  |  naspers
NEXT ON FIN24X

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...