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BRIEF-Naspers says FY core headline earnings up 41 pct to $1.8 bln
June 23, 2017 / 1:11 PM / in a month

BRIEF-Naspers says FY core headline earnings up 41 pct to $1.8 bln

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June 23 (Reuters) - Naspers Ltd:

* FY core headline earnings grew 41 pct to $1.8 billion

* FY group revenue grew 19 pct to $14.6bn (or 29 pct in local currency, adjusted for acquisitions and disposals)

* FY consolidated development spend was up 22 pct (13 pct) to $861m as LetGo, Showmax and travel business accelerated their growth

* FY group trading profit, measured on an economic- interest basis, rose 22 pct (37 pct) to $2.7bn

* Recommends that annual gross dividend be increased by 12 pct to 580 cents

* Last year tough economic conditions led to significant churn in subscribers, but 2017 saw a return to modest growth

* FY headline earnings per n ordinary share of 179 U.S. cents

* For year ended December 2016 Tencent's revenues were rmb151.9bn, up 48 pct year on year

* Tencent non-gaap profit attributable to shareholders grew 40 pct to rmb45.4bn Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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