• Restoring sanity to SA

    We should be driven by the thought that SA belongs to all who live in it, says Solly Moeng.

  • Clamouring for action

    2017 will see battles between politicians as well as those tired of politicking, says Daniel Silke.

  • Realistic dreaming

    Preparation and sound advice will turn entrepreneurial dreams into reality, says Ian Mann.

All data is delayed
Loading...
See More

Naspers up on Tencent profit rise

Aug 15 2012 11:34
Reuters

Company Data

NASPERS LIMITED [JSE:NPN]

Last traded 1984
Change 48
% Change 2
Cumulative volume 893192
Market cap 0

Last Updated: 08-12-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Bekker has R6bn Naspers shares - report

Naspers sets sights on growth

Naspers profit rises on internet boom

Naspers to ramp up e-commerce interests

Tencent reports Q4 profit rise

China’s e-commerce bubble

 

Cape Town - Tencent Holdings, China’s biggest internet company by revenue, said on Wednesday its quarterly profit rose by its fastest pace in a year, in line with analysts’ estimates as sales got a boost from its online games segment.

Tencent posted a 32% rise in second-quarter net profit to 3.1 billion yuan ($492m), roughly in line with the average estimate of 3 billion yuan in a Reuters poll of eight analysts. Revenue rose 56% to 10.53 billion yuan, above the average forecast from nine analysts for 10.1 billion yuan.

Shares of Tencent, which is more than 30% owned by Naspers [JSE:NPN], South Africa’s biggest media group, ended 0.17% lower on Wednesday before the results were announced, versus a 1.18% fall in the Hang Seng Index. Tencent shares are up 47% this year.

Naspers shares rose nearly 1.7% to at R471.94 following the results on Wednesday.

*Fin24 is a Naspers publication.


* Follow Fin24 on Facebook, Twitter and Google+.

 
naspers  |  tencent

NEXT ON FIN24X

Where is my luggage?

25 minutes ago

 
 
 

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
Comments have been closed for this article.
 

Company Snapshot

We're talking about: SMALL BUSINESS

From fossils to finance – that’s been the career trajectory of Dr Merrill van der Walt, a palaeontologist until recently. She is now a statistician with a difference.
 

Money Clinic

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

Voting Booth

SA's avoidance of junk status by rating agencies: Moody's and Fitch

Previous results · Suggest a vote

Loading...