Publications
Partners
Cape Town - The Naspers Group said its businesses continued to deliver strong growth for the six months to September 30 2014, with revenues measured on an economic-interest basis (including a proportionate share of associates and joint ventures) expanding by 30% year-on-year (y/y).
The company said it continued to make solid progress in building its ecommerce and pay-television platforms. Core headline earnings rose by 24%. In ecommerce it is investing in formats such as etail (online retail), classifieds and payments, which Naspers sees as "proven winners for customers and gaining market share from other formats".
Naspers said it is aiming for leading positions in markets it feels have the potential to grow significantly faster than mature economies in the years ahead. The company's online classifieds footprint now covers about 40 countries, all showing good user and listings growth.
An agreement was concluded with Schibsted, subject to regulatory approval, covering key classifieds assets in Latin America and South East Asia that should enhance our consumer proposition and improve the outlook to our classifieds platforms in these regions. In many of our etail businesses, revenue growth is accelerating.
In its pay-television segment the digital terrestrial television (DTT) network is now largely in place. The DTT subscriber base is increasing steadily, and Naspers said it is well placed to realise DTT growth prospects once analogue switch-offs occur in sub-Saharan Africa. Naspers will focus on delivering a differentiated content offering and unique services to its DTT customers.
With internet and ecommerce businesses growing ahead of pay television and print, 72% of revenues, measured on an economic-interest basis, are now earned offshore. Internet revenues make up 58% of total group revenues.
Revenue on an economic-interest basis was up 30% y/y. Consolidated revenues for the period were R34.4bn, 20% higher than last year driven by growth in the ecommerce and pay-television segments. Tencent concluded its transaction with JD.com, resulting in a transfer of ecommerce revenues and related development costs to JD.com.
Prior year numbers included higher ecommerce revenues and development costs, resulting in improved y/y profitability.
Tencent is performing well and contributed R6.2bn to core headline earnings. This is a stronger than expected performance. Tencent has since concluded a number of additional strategic investments and will continue investing in developing additional products and services with a strong mobile focus.
Impacted by geopolitical issues, Mail.ru recorded weaker advertising revenues. Nevertheless, it contributed R528m to core headline earnings, up 30% on the prior year.
The company said it continued to make solid progress in building its ecommerce and pay-television platforms. Core headline earnings rose by 24%. In ecommerce it is investing in formats such as etail (online retail), classifieds and payments, which Naspers sees as "proven winners for customers and gaining market share from other formats".
Naspers said it is aiming for leading positions in markets it feels have the potential to grow significantly faster than mature economies in the years ahead. The company's online classifieds footprint now covers about 40 countries, all showing good user and listings growth.
An agreement was concluded with Schibsted, subject to regulatory approval, covering key classifieds assets in Latin America and South East Asia that should enhance our consumer proposition and improve the outlook to our classifieds platforms in these regions. In many of our etail businesses, revenue growth is accelerating.
In its pay-television segment the digital terrestrial television (DTT) network is now largely in place. The DTT subscriber base is increasing steadily, and Naspers said it is well placed to realise DTT growth prospects once analogue switch-offs occur in sub-Saharan Africa. Naspers will focus on delivering a differentiated content offering and unique services to its DTT customers.
With internet and ecommerce businesses growing ahead of pay television and print, 72% of revenues, measured on an economic-interest basis, are now earned offshore. Internet revenues make up 58% of total group revenues.
Revenue on an economic-interest basis was up 30% y/y. Consolidated revenues for the period were R34.4bn, 20% higher than last year driven by growth in the ecommerce and pay-television segments. Tencent concluded its transaction with JD.com, resulting in a transfer of ecommerce revenues and related development costs to JD.com.
Prior year numbers included higher ecommerce revenues and development costs, resulting in improved y/y profitability.
Tencent is performing well and contributed R6.2bn to core headline earnings. This is a stronger than expected performance. Tencent has since concluded a number of additional strategic investments and will continue investing in developing additional products and services with a strong mobile focus.
Impacted by geopolitical issues, Mail.ru recorded weaker advertising revenues. Nevertheless, it contributed R528m to core headline earnings, up 30% on the prior year.
