JSE-listed media and internet firm\u00a0Naspers, says its expects core headline earnings per share for the interim period ended September 2013, to be between 10% and 20% higher than R10.73 in 2012.<\/p>\n
Shares in Naspers \u00a0slipped 1% or nearly R10 to R933 in late trade on the JSE on Friday (15 September), having closed out Thursday\u00a04.35% firmer following a 5% jump in Tencent shares in Hong Kong\u00a0as investors applauded a 35% rise in the Chinese firm’s online gaming revenue in the third quarter.<\/p>\n
Naspers said it expects that earnings per share for the six months to September 2013 will be\u00a0between 20% and 30% lower compared to the prior period’s R10.79, mainly as a
\nconsequence of a non-recurring profit in the previous period when Mail.ru sold some
\nof its shares in Facebook, as well as impairment charges.<\/p>\n
While Naspers did not own a direct stake in Facebook, it had an indirect investment in the social networking company through Russian Internet company, Mail.Ru, which owned the shares.<\/p>\n
Naspers is a minority shareholder in Mail.Ru, with a 29% stake in the Russian firm which, had previously held 14.2 million shares in Facebook.<\/p>\n
The South African internet giant was able to sell one third of its stake in Facebook when the social company listed in May 2012.<\/p>\n
Mail.ru<\/a>\u00a0dropped its shares in the social network giant for $525 million (R5.38 billion).<\/p>\n Headline earnings per share for the period are expected to be between 5% and 15% Naspers pointed out that it considers core headline earnings an appropriate indicator of the sustainable operating\u00a0performance of the group, as it adjusts for non-recurring and non-operational items.<\/p>\n For the interim period in 2012,\u00a0Naspers reported consolidated revenue of R23 billion.<\/p>\n Vodacom in talks with Naspers: report<\/strong><\/a><\/p>\n Naspers to reach R1,300?<\/strong><\/a><\/p>\n
\nhigher than the prior period’s 830 cents.<\/p>\nMore on Naspers<\/h3>\n