Loading...
See More

Naspers up on Tencent profit rise

Aug 15 2012 11:34 Reuters

Company Data

NASPERS LIMITED [JSE:NPN]

Last traded 0
Change 51,68
% Change 0
Cumulative volume 1256588
Market cap 617.84bn

Last Updated: 21-11-2014 at 04:28. 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

 
 
 

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

We're talking about:

Small Business

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

BMW drift battle: M235i vs. speedway bike

Watch this insane drift contest with four-times dirt-track World champion Karl Maier riding a speedway bike against a BMW M235i.

 
 

Men24.com

Want to start talking dirty?
Everyday struggles of naturally skinny guys
And this year's Miss Bumbum title goes to...
How to maintain your mo, bro

Money Clinic

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