Naspers. (Duncan Alfreds, Fin24)
Johannesburg – Naspers [JSE:NPN] expects shareholder earnings
to increase by more than 180%.
This is according to a trading statement issued by the
internet and media group on Wednesday. The group is finalising its annual
financial statements for the year ended March 31, 2017.
Naspers expects earnings per share for the year to increase
between 181% to 187%, from the previous year’s earnings of 238 US cents
Naspers also highlighted that core headline earnings per
share could increase between 33% and 39% from the previous year’s 298 US cents
Headline earnings per share for the year is expected to
increase between 4% and 10% from the previous year’s 168 US cents (2117c).
The final year results are expected to be released on June
READ: Naspers-backed Delivery Hero targets $500m in IPO
Naspers recently bought a 10% stake in Delivery Hero, a
Berlin-based food takeout business. Naspers
will be represented with one member on Delivery Hero‘s Supervisory Board.
Bloomberg reported that Delivery Hero plans to list on the Frankfurt
stock exchange, with an Initial Public Offering worth $507m (R6.4bn).
* Fin24 is part of Media24, a subsidiary of Naspers.
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