Naspers sees up to 7.5% drop in six months profit

Mostly attributed to Prosus spinoff.
Image: Shutterstock

Naspers said on Monday that its core headline earnings per share for the six months ended September 30 is expected to fall by between 7.5% and 1.3% compared with the same period last year.

Headline earnings per share (Heps) is the main profit measure in South Africa.

Core Heps for the six-month period is expected to be down by between 28 and 5 cents per share, Naspers said.

The expected fall in earnings is chiefly because it spun off its international investments into a separate company Prosus and listed it on the Amsterdam stock exchange, thereby reducing its holding in the investments from 100% to 72.66%, it said.

Napsers will announce its mid year results on November 23.

COMMENTS   1

You must be signed in to comment.

SIGN IN SUBSCRIBE

or create a free account.

Free users can leave 4 comments per month.
Subscribers can leave unlimited comments via our website and app.

mmmm … tencent falling big time too

End of comments.

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR
BTC / USD

Subscribe to our mailing list

* indicates required
Moneyweb newsletters
INSIDER SUBSCRIPTION APP NEWSLETTERS PODCASTS RADIO / LISTEN LIVE VIDEOS WEBINARS TRENDING

Follow us: