Naspers sees big jump in full-year earnings
Naspers, the listed media and internet giant, says it expects core headline earnings per share for the year ended March 2015, to be between 25% (2,726 cents) and 30% (2,835 cents) higher than 2,181 cents before.
The group noted in a trading statement on Wednesday (17 June), 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.
Earnings per share are anticipated to be between 135% (R34.22) and 145% (R35.67 higher in the period, “mainly as a consequence of gains recognised by our associates,” Naspers said.
Naspers’ growth has been closely aligned to Tencent, a Chinese media and entertainment company in which it owns 34%.
Naspers’ local assets include MultiChoice, SuperSport, DStv, OLX, and Media24, while globally, its assets include Russian website Mail.Ru, and ndia based e-commerce company Flipkart.
Headline earnings per share are expected to rise between 15% and 20%, it said on Wednesday.
The group is expected to publish its results on 29 June.
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