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.

Other posts by :

1. Project Kuiper beating OneWeb
2. OQ Tech gets Luxembourg 5G-by-Sat concession
3. Roskosmos: Heads roll, launch project scrapped
4. MDA under pressure over satellite order
5. SES backs C-band action from FCC
6. Congested orbits mean high risks of debris
7. SpaceX bids fairwell to booster 1076
8. Bank: LBG Media results “in line”
9. WBD: Surprise, surprise… not

Categories: Articles, Business, Results

Tags: Naspers, south africa