We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Prosus NV | EU:PRX | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.18 | 3.74% | 32.69 | 32.55 | 32.82 | 32.885 | 32.04 | 32.04 | 4,182,333 | 02:01:02 |
(Adds Prosus statement)
By Adria Calatayud
Naspers Ltd. (NPN.JO) said Monday that it expects first-half earnings per share to fall sharply, as its year-earlier results received a one-off boost from the sale of its stake in India's Flipkart Ltd.
The South Africa-based investor--which owns a major stake in China's Tencent Holdings Ltd. (0700.HK) through its Amsterdam-listed arm Prosus NV (PRX.AE)--said it expects EPS for the half year to Sept. 30 to fall by 31%-38%. This would result in EPS for the half year of between $4.87 and $5.42 compared with $7.82 for the same period of fiscal 2019, Naspers said.
The company said it will book a $600 million gain on disposal of its interest in MakeMyTrip Ltd. as well as a fair-value gain of $400 million on investments held by Tencent.
Core headline EPS--the company's preferred earnings metric, which excludes non-operational items--are expected to grow by up to 3% on year, Naspers said. The company said it expects core headline EPS of between $3.80 and $3.91 for the first half compared with $3.80 a year earlier.
Separately on Monday, Prosus said it expected first-half EPS to fall by 4.4%-13% to between $1.48 and $1.63. Core headline EPS is forecast to rise by between 11% and 17% and come in at a range of between $1.02 and $1.08. Prosus said it is a subsidiary of Naspers, and its financial results almost completely account for Naspers's results.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
November 18, 2019 10:45 ET (15:45 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
1 Year Prosus NV Chart |
1 Month Prosus NV Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions