Edition:
United Kingdom

Naspers HY Revenue Up 29 Pct TO $11 Bln


Friday, 30 Nov 2018 

Nov 30 (Reuters) - Naspers Ltd ::NASPERS LTD - HY REVENUES INCREASED 29%(1) YEAR ON YEAR TO US11.0BN.NASPERS LTD - HY TRADING PROFIT GREW 34% YEAR ON YEAR TO US$2.0BN.NASPERS LTD - HY CORE HEADLINE EARNINGS GREW 39% TO US$1.7BN (2017: US$1.2BN).NASPERS - ECOMMERCE REDUCED TRADING LOSSES MATERIALLY ON BACK OF STRONG CONTRIBUTIONS FROM CLASSIFIEDS, WHICH TURNED PROFITABLE INCLUDING LETGO IN HYNASPERS LTD - HY HEADLINE EARNINGS PER N ORDINARY SHARE 640 CENTS.NASPERS LTD - HY DILUTED HEADLINE EARNINGS PER N ORDINARY SHARE 632 CENTS.NASPERS LTD - HY CORE HEADLINE EARNINGS PER N ORDINARY SHARE 385 CENTS.NASPERS LTD - OVER REMAINDER OF FINANCIAL YEAR, WE WILL MAINTAIN OUR FOCUS ON DRIVING PROFITABILITY IN ECOMMERCE UNITS.NASPERS LTD - CONTAINING COSTS AND WEATHERING CHALLENGING MACRO CONDITIONS WILL REMAIN A PRIORITY FOR CO'S MORE MATURE ASSETS.NASPERS LTD - EARNINGS ARE SIGNIFICANTLY AFFECTED BY FOREIGN EXCHANGE VOLATILITY.NASPERS LTD - ECOMMERCE WAS MAIN DRIVER OF GROWTH, WITH REVENUES INCREASING 32%.NASPERS LTD - HY REVENUES GENERATED BY ECOMMERCE BUSINESSES TOTALLED US$902M, WITH TRADING PROFITS OF US$223M.NASPERS LTD - TENCENT GREW TOTAL GROUP REVENUE 39% YEAR ON YEAR TO RMB147.2BN FOR ITS SIX MONTHS TO 30 JUNE 2018..NASPERS LTD - TENCENT CONTINUED TO EXPAND USER BASE OF PAYMENT-RELATED SERVICES, WITH MONTHLY ACTIVE USERS EXCEEDING 800M AT END OF JUNE 2018.