Multinational media group Naspers has warned shareholders that it expects its earnings for the period ending 30 September 2022 to decline sharply.
“Impairment charges and dilution losses related to investments in associates are expected to be approximately US$1.8 billion higher in the current period. These are excluded from headline and core headline earnings per share,” the group said. The group illustrated the anticipated changes in earnings, headline earnings and core headline earnings per share for continuing operations for the period ended 30 September 2022 as compared to 30 September 2021 for total operations as follows:
Core headline earnings per share are expected to drop by between 228 and 257 US cents from 416 US cents in 2021, representing a decline of between 54.7% and 61.7%.
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