{"id":39811,"date":"2013-06-11T16:34:42","date_gmt":"2013-06-11T14:34:42","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=39811"},"modified":"2013-06-12T09:25:33","modified_gmt":"2013-06-12T07:25:33","slug":"naspers-sees-full-year-earnings-rise","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/39811\/naspers-sees-full-year-earnings-rise\/","title":{"rendered":"Naspers sees full-year earnings rise"},"content":{"rendered":"

SA media giant Naspers<\/a> says it expects core headline earnings per share for the year ending March 2013, to be between 15% and 25% higher than the comparable period\u00b4s R18.50.<\/p>\n

In afternoon trade on the JSE, shares in Naspers declined 1.99% or R14.21 to R699.80, giving the group a market value of R290.8 billion. However, the All-Share Index lost 2.93%.<\/p>\n

The majority of our core headline earnings are generated from operations offshore, Naspers noted in a trading statement on Tuesday (11 June).<\/p>\n

The group holds interests in Rusian Internet firm Mail.Ru Group<\/a>, and Chinese group, Tencent<\/a>.<\/p>\n

\u201cAs a consequence, the currency translation effect of the depreciation of the Rand relative to the prior period will play a significant role in boosting expected core headline earnings growth,\u201d Naspers said.<\/p>\n

It reminded shareholders 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.<\/p>\n

Headline earnings per share for the period are expected to be between 25% and 35% higher than the prior period\u00b4s R 12.97.<\/p>\n

\u201cIt is expected that earnings per share for the year ended 31 March 2013, will be between 100% and\u00a0110% higher compared to the prior period\u00b4s 770 cents, mainly as a consequence of the book profit flowing from Mail.ru\u00b4s sale of a portion of its shares in Facebook, which is non-recurring,\u201d Naspers said.<\/p>\n

Naspers reported a 19% increase in consolidated revenue to R39.5 billion for the
\nyear ended March 2012, and\u00a0delivered a dividend increase of 24% to R3.35.<\/p>\n

Nasper\u2019s principal operations are in internet platforms, pay-television and the provision of related technologies and print media including publishing, distribution and printing of magazines, newspapers and books.<\/p>\n

Locally, it owns online retailers, Kalahari.com<\/a> and PriceCheck, pay television operation DStv<\/a>, and Supersport, and Mweb<\/a>.<\/p>\n

More on Naspers<\/h3>\n

Naspers hits new record on Tencent profit rise<\/strong><\/a><\/p>\n

Naspers in $570m Russian internet deal<\/strong><\/a><\/p>\n

Mail.Ru a cash cow for SA firm<\/a><\/strong><\/p>\n

Naspers associate to pay out special dividend<\/strong><\/a><\/p>\n

Naspers: no faith in Facebook<\/strong><\/a><\/p>\n

Naspers hikes Internet revenue by 70%<\/strong><\/a><\/p>\n

Naspers outlines R4.7bn ecommerce drive<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Naspers says it expects core headline earnings per share for the year ending March 2013, to be between 15% and 25% higher.<\/p>\n","protected":false},"author":10,"featured_media":15768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[78,45,26,3092,2946,38,107,5854,1977],"class_list":["post-39811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-dstv","tag-facebook","tag-headline","tag-kalahari-com","tag-mail-ru-group","tag-mweb","tag-naspers","tag-pricecheck","tag-tencent"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/39811","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=39811"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/39811\/revisions"}],"predecessor-version":[{"id":39814,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/39811\/revisions\/39814"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/15768"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=39811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=39811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=39811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}