Data provided by McGregor BFA
All data is delayed
Loading...
See More

Naspers up on Tencent profit rise

Aug 15 2012 11:34 Reuters

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

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

ANCYL: Not voting would be blasphemy

Not voting in the forthcoming elections would be blasphemy, the ANCYL says in a statement commemorating the 50th anniversary of struggle icon Nelson Mandela's Rivonia trial speech.

 
 

Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters

Money Clinic

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