Naspers flags headline profit slip amid higher finance costs

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Sverige Nyheter Nyheter

Headline earnings per share expected to fall as much as 12%

Global media group and technology investor Naspers has flagged an up to 12% fall in headline earnings per share for its half-year to end-September, weighed down in part by higher finance costs.

Headline earnings per share, a key profit measure in SA, is expected to fall by 5% to 12%, Naspers said in an update, but basic earnings will rise more than sixfold, following the group’s sale 2% stake in Tencent in April. This brought in $12.3bn ...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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