We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Naspers Ltd (PK) | USOTC:NPSNY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 40.15 | 40.03 | 40.74 | 8 | 13:41:01 |
By Anthony O. Goriainoff
Naspers Ltd. and its Amsterdam-listed subsidiary Prosus NV said Monday that revenue grew in fiscal 2022, bolstered by their e-commerce segments, and that they are launching an open-ended buyback program of both Naspers and Prosus shares.
South African investor Naspers--which owns a major stake in Chinese tech giant Tencent Holdings Ltd. through Prosus--said revenue for the year to March 31 was $7.94 billion, compared with $5.93 billion a year earlier.
Naspers said e-commerce segment revenue rose 56% to $10.7 billion. E-commerce segment revenue for Prosus was $9.8 billion, up 58%, it said.
Naspers said core headline earnings per share were $7.18, compared with $8.14.
Core headline earnings for Naspers fell 40% to $2.1 billion, with Prosus reporting core headline earnings of $3.7 billion, a drop of 23%. The group said this was due to the continuing investment in the e-commerce portfolio and a period of slower growth at Tencent, as it adapted to China's regulatory changes.
Group trading profit fell 10% to $5 billion, reflecting investments to expand market opportunity for each segment in the business, the group said.
The group said it had disposed of shares in JD.com Inc. for proceeds of around $3.67 billion. Those proceeds will be retained by the Prosus group for general corporate and liquidity purposes, it said.
Prosus declared a dividend of 14 European cents (15 U.S. cents) a share.
"Our solid financial footing positions us well for the challenging operating environment and the execution of our strategy," the company said.
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
June 27, 2022 03:00 ET (07:00 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year Naspers (PK) Chart |
1 Month Naspers (PK) 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