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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.08 | -0.20% | 40.10 | 39.90 | 40.21 | 40.15 | 39.86 | 40.02 | 6,592 | 15:56:19 |
From Jan 2023 to Jan 2025
By Christian Moess Laursen
Naspers said Tuesday that revenue rose in fiscal 2023 as e-commerce performed strongly, but that headline earnings fell on lower profitability.
The South African investor--which owns a stake in Chinese tech giant Tencent Holdings through Prosus--said earnings per share fell to $1.97 in the year ending March 31 from $4.2 in fiscal 2022. Headline earnings per share fell to $1.19 from $5.47, while core headline earnings per share fell to $5.07 from $7.03.
Revenue grew to $6.78 billion from $6.29 billion a year prior due to strong revenue growth in iFood, and Payments and Fintech, Naspers said. Its e-commerce unit continued a strong growth trajectory, with revenue rising 19% to $10.75 billion.
Headline earnings fell by $1.3 billion to $249 million due to lower profitability across the group's associates and increased operating losses from our consolidated businesses, Naspers said.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
June 27, 2023 02:35 ET (06:35 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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