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Naspers up 4% after revenue, profit boost

Published 06/22/2018, 10:27 AM
Updated 06/22/2018, 10:27 AM
© Reuters.  Naspers up 4% after revenue, profit boost
  • Naspers ADRs (OTCPK:NPSNY) are up 4% after announcing its earnings report with solid double-digit growth in revenue and earnings.
  • “We benefited from scale effects in e-commerce and a positive contribution from Tencent," says chair Koos Bekker. "Video entertainment’s results were steady.”
  • Fiscal-year revenues on economic interest basis were up 38%, to $20.1B. Core headline earnings rose 72%.
  • Revenues in its key Internet segment (now 79% of group revenues) were up 50% to $15.9B.
  • The company recommends an increase in annual gross dividend of 12%.
  • Final dividend per share is $6.50.
  • Press release
  • Now read: Get Swiggy With It - A Play On Food Delivery In India


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