{"id":323135,"date":"2019-06-13T07:48:32","date_gmt":"2019-06-13T05:48:32","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=323135"},"modified":"2019-06-13T07:48:32","modified_gmt":"2019-06-13T05:48:32","slug":"naspers-gets-earnings-boost-from-tencent","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/internet\/323135\/naspers-gets-earnings-boost-from-tencent\/","title":{"rendered":"Naspers gets earnings boost from Tencent"},"content":{"rendered":"

Internet giant Naspers said on Wednesday that it expects headline earnings per share from continuing operations to rise by between 121% and 124% for the year that ended March 2019.<\/p>\n

The company said that Headline earnings per share increased considerably as a result of the group\u2019s share of fair-value gains recognised by Tencent, in which it has a 30% share.<\/p>\n

Core headline earnings per share are expected to increase between 24% \u2013 26%. The Naspers board said it considers core headline earnings an appropriate indicator of the operating performance of the group, as it adjusts for non-operational items.<\/p>\n

Earnings per share is expected to decline by up to 63%. “Earnings per share was impacted significantly by the gain of US$1.6 billion recognised on disposal of the group\u2019s interest in Flipkart Limited as well as by a gain recorded on the distribution of the MultiChoice Group to the group\u2019s shareholders,” the group said.<\/p>\n

During the financial year Naspers spun out and separately listed its pay-TV group Multichoice. The results of that business will therefore be presented as results from discontinued operations, it said.<\/p>\n

Further details will be provided in financial results due for release on 21 June 2019.<\/p>\n

\"\"<\/a><\/p>\n

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Read: MultiChoice reports \u2018solid\u2019 subscriber growth for DStv<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Naspers says it expects core headline earnings per share for the year ended March 2019 to increase between 24% \u2013 26%.<\/p>\n","protected":false},"author":10,"featured_media":319962,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9882],"tags":[26,107],"class_list":["post-323135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internet","tag-headline","tag-naspers"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/323135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=323135"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/323135\/revisions"}],"predecessor-version":[{"id":323157,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/323135\/revisions\/323157"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/319962"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=323135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=323135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=323135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}