Naspers expects improved earnings
Media and internet giant Naspers says it expects a rise in earnings for the year ended March 2016, of between 15% and 20%.
“We expect core headline earnings per share to be between 15% (38 US cents) and 20% (51 US cents) higher than the comparable period’s 255 US cent,” the company said in a trading update on Wednesday (15 June).
“Shareholders are reminded that the board considers core headline earnings an appropriate indicator of the sustainable operating performance of the group, as it adjusts for non-recurring and non-operational items.”
Naspers said it expects earnings per share will be between 20% (62 US cents) and 25% (78 US cents) lower compared to the prior period’s 311 US cents.
Headline earnings per share for the year is expected to increase by between 0% and 5% (8 US cents) from the prior period’s 167 US cents, it said.
The company is expected to publish its results on 24 June 2016.
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