March 20, 2013 / 11:32 AM / 5 years ago

STOCKS NEWS AFRICA-S.Africa's Naspers up as Tencent lifts profit

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1123GMT 20Mar13 - S.Africa’s Naspers up as Tencent lifts profit


Shares in Naspers rise more than 2 percent, riding on a more than one-third growth in quarterly profit from its Chinese money spinner Tencent Holdings.

Naspers, which owns just over a third of China’s largest online gaming and social networking company, is up 2.1 percent at 598.55 rand.

Tencent posted a 36.5 percent rise in fourth-quarter profit from a year ago, meeting analysts’ expectations on robust sales of online games.

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