{"id":800134,"date":"2024-11-18T09:54:40","date_gmt":"2024-11-18T07:54:40","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=800134"},"modified":"2024-11-18T09:54:44","modified_gmt":"2024-11-18T07:54:44","slug":"good-times-for-naspers","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/800134\/good-times-for-naspers\/","title":{"rendered":"Good times for Naspers"},"content":{"rendered":"\n<p>Naspers, the owner of Takealot, Media24 and more, expects a big jump in its earnings.<\/p>\n\n\n\n<p>In a trading statement for the period ended 30 September 2024, the group said that it demonstrated its continued commitment to deliver profitable growth, with consolidated e-commerce profit in the first half of FY25 far exceeding the prior 12 months.<\/p>\n\n\n\n<p>The group said that it expects to continue this growth path by investing with an AI-first mindset and leveraging the group&#8217;s technology expertise.<br>Core headline earnings per share and headline earnings per share for continuing operations for the period are expected to jump between 87.2%-93.8% and 103.2%-109.6%, respectively.<\/p>\n\n\n\n<p>The group said that both sets of earnings were driven by accelerated growth and improved profitability of its consolidated e-commerce businesses and equity-accounted investments, especially Tencent.<\/p>\n\n\n\n<p>Tencent is the largest video game company in the world, and much of Nasper&#8217;s value is tied to the Chinese-based Tencent. Naspers bought a 46.5% stake in Tencent for $32 million in 2001. Tencent is now worth roughly R8 trillion.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-businesstech wp-block-embed-businesstech\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"jZH7W7JY4S\"><a href=\"https:\/\/businesstech.co.za\/news\/business\/795890\/from-huisgenoot-to-south-africas-most-valuable-company-worth-r735-billion\/\">From Huisgenoot to South Africa&#8217;s most valuable company &#8211; worth R750 billion<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;From Huisgenoot to South Africa&#8217;s most valuable company &#8211; worth R750 billion&#8221; &#8212; BusinessTech\" src=\"https:\/\/businesstech.co.za\/news\/business\/795890\/from-huisgenoot-to-south-africas-most-valuable-company-worth-r735-billion\/embed\/#?secret=ZSjrBFTqlk#?secret=jZH7W7JY4S\" data-secret=\"jZH7W7JY4S\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Earnings per share are also expected to increase during the period, mainly from the group&#8217;s improved overall profitability as well as the lower impairment charges in continuing operations compared to the prior period.<\/p>\n\n\n\n<p>That said, the improved performance was partially offset by a lower gain from the sale of its Tencent shareholding compared to the previous period, given that fewer shares were sold in the current period.<\/p>\n\n\n\n<p><br>The gains regarding sell down of Tencent and impairment charges impacting earnings per share are excluded from headline and core headline earnings per share.<\/p>\n\n\n\n<p>The board considers core headline earnings an appropriate indicator of the operating performance of the group, as it adjusts for non-operational items.<\/p>\n\n\n\n<p>The group will be published with the condensed consolidated interim financial statements on Monday, 02 December 2024.<\/p>\n\n\n\n<p>The expected financial results can be found below: <\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-responsive\"><table class=\"table\"><tbody><tr><td><strong>Continuing operations<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>30 September 2023<br>US cents<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>30 September 2024<br>expected increase<br>US cents<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Expected<br>increase %<\/strong><\/td><\/tr><tr><td>Earnings per share<\/td><td class=\"has-text-align-center\" data-align=\"center\">812<\/td><td class=\"has-text-align-center\" data-align=\"center\">284-337<\/td><td class=\"has-text-align-center\" data-align=\"center\">35.0%-41.5%<\/td><\/tr><tr><td>Headline earnings per share<\/td><td class=\"has-text-align-center\" data-align=\"center\">311<\/td><td class=\"has-text-align-center\" data-align=\"center\">321-341<\/td><td class=\"has-text-align-center\" data-align=\"center\">103.2%-109.6%<\/td><\/tr><tr><td>Core headline earnings per share<\/td><td class=\"has-text-align-center\" data-align=\"center\">454<\/td><td class=\"has-text-align-center\" data-align=\"center\">396-426<\/td><td class=\"has-text-align-center\" data-align=\"center\">87.2%-93.8%<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-responsive\"><table class=\"table\"><tbody><tr><td><strong>Total operations<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>30 September 2023<br>US cents<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>30 September 2024<br>expected increase<br>US cents<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Expected<br>increase %<\/strong><\/td><\/tr><tr><td>Earnings per share<\/td><td class=\"has-text-align-center\" data-align=\"center\">761<\/td><td class=\"has-text-align-center\" data-align=\"center\">335-388<\/td><td class=\"has-text-align-center\" data-align=\"center\">44.0%-51.0%<\/td><\/tr><tr><td>Headline earnings per share<\/td><td class=\"has-text-align-center\" data-align=\"center\">281<\/td><td class=\"has-text-align-center\" data-align=\"center\">351-371<\/td><td class=\"has-text-align-center\" data-align=\"center\">125.0%-132.0%<\/td><\/tr><tr><td>Core headline earnings per share<\/td><td class=\"has-text-align-center\" data-align=\"center\">427<\/td><td class=\"has-text-align-center\" data-align=\"center\">423-453 <\/td><td class=\"has-text-align-center\" data-align=\"center\">99.0%-106.0%<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/businesstech.co.za\/news\/lifestyle\/800020\/this-is-why-you-always-have-to-renew-you-driving-and-car-licence-in-south-africa\/\">This is why you always have to renew your driving and car licence in South Africa<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Naspers has seen improved profitbality in its e-commerce business, with the group looking at AI-specific investments. <\/p>\n","protected":false},"author":95,"featured_media":796007,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121],"tags":[26],"class_list":["post-800134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/800134","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\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=800134"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/800134\/revisions"}],"predecessor-version":[{"id":800148,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/800134\/revisions\/800148"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/796007"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=800134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=800134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=800134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}