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.
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mmmm … tencent falling big time too
End of comments.