Naspers profits up 24%

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South Africa-based conglomerate Naspers has reported a 24 per cent rise in profits for its trading year which ended on March 31st. Naspers earnings per share were $8.14 (compared with $6.56 a year ago).

Naspers has a 28.9 per cent stake in Tencent which it holds through its Amsterdam-based subsidiary Prosus which manages Naspers international businesses. Naspers holds a 73 per cent stake in Prosus.

Bob van Dijk, group CEO of Naspers and Prosus, commented that Naspers has delivered the “strongest results to date and accelerated growth” in customer numbers and cash generation, while CFO Basil Sgourdos noted that revenues grew by 32 per cent to $29.6 billion (Rand 421.6 billion) and trading profit increased 45 per cent to $5.6 billion (R79.7 billion).

They pointed out that Naspers and Prosus connect with more than two billion people around the globe.


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