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Naspers Ltd (NPNJn.J)

NPNJn.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Naspers Commits 4.6 Bln Rand Of Funding To Back S.Africa Technology Businesses
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Naspers Ltd ::NASPERS COMMITS R4.6BN OF FUNDING TO BACK SOUTH AFRICAN TECHNOLOGY BUSINESSES.ANNOUNCES NASPERS FOUNDRY AND COMMITS R1.4 BILLION OF FUNDS TO HELP SOUTH AFRICAN TECH ENTREPRENEURS GROW START-UPS.OVER NEXT 3 YRS, R3.2 BILLION TO BE ALLOCATED TO DEVELOPMENT OF EXISTING S. AFRICAN TECH BUSINESSES INCLUDING OLX, TAKEALOT, MR D FOOD.NASPERS FOUNDRY TO LAUNCH IN 2019.  Full Article

letgo Receives $500 Mln New Funding Commitment From Naspers
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - letgo::LETGO RECEIVES $500M NEW FUNDING COMMITMENT FROM NASPERS.LETGO, AN APP TO BUY AND SELL LOCALLY, SAYS ANNOUNCED THAT NASPERS HAS COMMITTED TO INVEST $500 MILLION OF NEW CAPITAL INTO LETGO.  Full Article

Swiggy Acquires On-Demand Delivery Platform Scootsy
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - Swiggy::SWIGGY ACQUIRES ON-DEMAND DELIVERY PLATFORM SCOOTSY.SWIGGY - SCOOTSY WILL CONTINUE AS AN INDEPENDENT APP.  Full Article

Naspers Posts FY Core Headline Earnings Per N Ordinary Share Of 581 US Cents
Friday, 22 Jun 2018 

June 22 (Reuters) - Naspers Ltd ::FY CORE HEADLINE EARNINGS PER N ORDINARY SHARE 581 US CENTS.IN YEAR AHEAD, CO WILL USE STRONG BALANCE SHEET TO ACCELERATE GROWTH OF ITS CLASSIFIEDS, FOOD-DELIVERY AND FINTECH BUSINESSES GLOBALLY.FY REVENUE OF $6.66 BILLION VERSUS $6.10 BILLION YEAR AGO.FY INTERNET DIVISION REVENUE GREW 50% TO US$15.9BN.FY ECOMMERCE DIVISION REVENUE INCREASED 25% TO US$3.6BN.WILL CONTINUE TO SCALE ECOMMERCE, SUB-SAHARAN AFRICA VIDEO- ENTERTAINMENT BUSINESSES AND DRIVE THEM CLOSER TO PROFITABILITY IN THE YEAR AHEAD.FLIPKART, OUR EQUITY-ACCOUNTED ETAIL INVESTMENT IN INDIA, INCREASED MARKET SHARE BY GROWING GMV 49% YEAR ON YEAR.TAKEALOT, SOUTH AFRICA'S LEADING ETAILER, EXTENDED ITS LEADERSHIP, GROWING GMV BY 70%.FY PROFIT BEFORE TAXATION OF $11.66 BILLION VERSUS $2.41 BILLION YEAR AGO.RECOMMENDS ANNUAL GROSS DIVIDEND BE RAISED BY 12% TO 650 CENTS PER LISTED N SHARE AND 130 CENTS PER UNLISTED A SHARE.FOR YEAR ENDED DECEMBER 2017, DELIVERY HERO INCREASED REVENUE BY 60% TO EUR 544M, WITH ORDER VOLUMES GROWING 48% TO 292M.SWIGGY SAW HEALTHY INCREASES IN REVENUE AND ORDER VOLUMES IN THE YEAR.ALTHOUGH MACROECONOMIC ENVIRONMENT IN SUB-SAHARAN AFRICA RELATIVELY STABLE IN H2, VIDEO-ENTERTAINMENT UNIT FACES CHALLENGING CONDITIONS.MAKEMYTRIP'S TRADING LOSSES REDUCED 19% DUE TO GROWTH IN GROSS BOOKINGS, TRANSACTION VOLUME GROWTH IN AIRLINE TICKETING, HOTELS, PACKAGES BUSINESSES.FY GROUP REVENUE, MEASURED ON AN ECONOMIC-INTEREST BASIS, WAS US$20.1BN, UP 38% ON LAST YEAR.  Full Article

Naspers Announces Disposal Of Entire Stake In Flipkart To Walmart
Wednesday, 9 May 2018 

May 9 (Reuters) - Naspers Ltd ::DISPOSAL OF ENTIRE STAKE IN FLIPKART.PROCEEDS WILL BE USED TO REINFORCE NASPERS' BALANCE SHEET AND WILL BE INVESTED OVER TIME.ANNOUNCES DISPOSAL OF ITS ENTIRE 11.18% STAKE IN FLIPKART TO US-BASED RETAILER WALMART FOR US$2.2BN.  Full Article

Moody's Calls Naspers' Stake Cut In China's Tencent Credit Positive
Monday, 26 Mar 2018 

March 26 (Reuters) - Moody's Investors Service:MOODY'S INVESTORS SERVICE- NASPERS REDUCES ITS STAKE IN TENCENT, A CREDIT POSITIVE.MOODY'S- "DO NOT EXPECT NASPERS TO USE PROCEEDS TO REDUCE DEBT GIVEN ITS LONG-DATED DEBT MATURITY PROFILE AT COMPETITIVE FUNDING RATES".MOODY'S INVESTOR SERVICES- "EXPECT NASPERS TO REDEPLOY CAPITAL INTO NEW GROWTH OPPORTUNITIES".MOODY'S- "SIZABLE CASH BALANCE AND UNDRAWN $2.5 BILLION REVOLVING CREDIT FACILITY (AT NASPERS) WILL ALLEVIATE NEED TO RAISE ADDITIONAL DEBT FOR SOME TIME".MOODY'S- "ESTIMATE THAT THERE WILL BE A NEGLIGIBLE EFFECT ON NASPERS FROM REDUCED DIVIDEND INFLOW FROM TENCENT AS A RESULT OF SMALLER STAKE".  Full Article

Naspers says HY core headline earnings up 65 pct to $1.5 bln​
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - NASPERS LTD ::‍HY CORE HEADLINE EARNINGS GREW 65% TO US$1.5 BLN​.HY ‍REVENUES INCREASED 33% YEAR ON YEAR TO US$9.0 BLN​.‍HY REVENUES IN INTERNET SEGMENT WERE UP 42% TO US$6.9 BLN​.  Full Article

Naspers ‍expects HY core HEPS to be between 132 US cents and 142 US cents
Friday, 17 Nov 2017 

Nov 17 (Reuters) - NASPERS LTD ::‍EXPECT HY CORE HEADLINE EARNINGS PER SHARE TO BE BETWEEN 62% (132 US CENTS) AND 67% (142 US CENTS) HIGHER THAN COMPARABLE PERIOD'S 212 US CENTS​.NASPERS LTD - ‍EXPECTS HY HEADLINE EARNINGS PER SHARE TO INCREASE BY BETWEEN 62% (80 US CENTS) AND 67% (86 US CENTS) FROM PRIOR PERIOD'S 129 US CENTS​.  Full Article

Delivery Hero CEO reiterates ready for possible IPO
Tuesday, 23 May 2017 

May 23 (Reuters) - :Delivery Hero CEO reiterates that prepared for possible IPO if feels it is the right time, no further comment.Delivery Hero CEO says does not exclude further acquisitions.  Full Article

Russia's Megafon says completes acquisition of stake in Mail.ru
Thursday, 9 Feb 2017 

Russian mobile operator Megafon says: Completes acquisition of a stake in internet group Mail.ru In late 2016, Megafon agreed to pay $740 million for the stake in Mail.ru. [nL5N1EI0T4] Further company coverage: [MFON.MM] (Reporting by Moscow Newsroom) ((andrey.ostroukh@thomsonreuters.com;)).  Full Article

Brazil's Movile says it has raised $500 mln for its iFood delivery app

SAO PAULO, Nov 13 Brazilian technology firm Movile on Tuesday said it had raised $500 million of fresh funds for its iFood app, aimed at making it one of the world's biggest players in the meals delivery market.