Naspers expects bumper earnings

Naspers, the multinational internet and media group, is expecting bumper results as it finalizes its consolidated annual financial statements for the year ended March 2017.

The group, which reportedly accounts for 15% of the all share index alone, expects core headline earnings per share to be between 33% (98 US cents) and 39% (116 US cents) higher than the comparable period’s 298 US cents.

It is expected that earnings per share for the year ended 31 March 2017, will be between
181% (431 US cents) and 187% (445 US cents) higher compared to the prior period’s
238 US cents.

Headline earnings per share for the year is expected to increase by between 4% (7 US
cents) and 10% (17 US cents) from the prior period’s 168 US cents, Naspers said.

Naspers said its financial results are due to be released on or about 23 June 2017.

Shares in Naspers climbed above R2,000 at the end of December 2016, adding more than R500 so far in 2017, to R2,554 at close of play on Wednesday.

Locally, the company’s brands include MultiChoice and Media24, while the group also has sizeable investments in Chinese gaming giant, Tencent,, and Flipkart.

Read: Naspers injects R960 million into Takealot to become majority shareholder

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Naspers expects bumper earnings