News Formal

Naspers’s earnings drop as trading losses widen

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Malaysia News News

Naspers expects earnings to drop as trading losses widen

Naspers reported that core headline earnings fell almost three quarters as the global economic downturn, characterised by high inflation and interest rates, weighed on consumers in the six months to end-September.

The global internet and media company, valued at R1.05bn on the JSE, reported on Tuesday that its core headline earnings, its preferred profitability metric, which strips out certain non-operating items such as share-based payment expenses on transactions where there is no cash cost, declined 74.1% year on year to $372m ...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Naspers flags 50% drop in interim earnings amid global downturnThe group says rising cost of living is having an impact on growth expectations and valuations Short it
Source: BDliveSA - 🏆 12. / 63 Read more »

Naspers warns of massive drop in earningsNaspers has warned shareholders to expect a massive drop in earnings when it reports its interim results this week.
Source: BusinessTechSA - 🏆 24. / 61 Read more »