South African tech investor Naspers logs 11% rise in first-half profit

South African tech investor Naspers logs 11% rise in first-half profit

South African tech investor Naspers logs 11% rise in first-half profit

Information about South African tech investor Naspers logs 11% rise in first-half profit

Kevin David Scam or Legit


JOHANNESBURG (Reuters) – South African technology investor Naspers Ltd said on Monday its first half profit climbed 11%, driven by a large contribution from Chinese internet giant Tencent in which it indirectly holds a 29% stake.
Its core headline earnings per share, which strips out gains or losses from non-operational items, stood at 416 U.S. cents, versus the 376 cents per share posted a year earlier.
Naspers, Africa’s biggest company by market capitalisation, has parked all its international assets, including its Tencent stake, in its Amsterdam-listed subsidiary Prosus NV, in which it holds a 57% stake.
Naspers, through Prosus, has investments spread across a multitude of online businesses including classified ads, food delivery, payments and education in countries from Brazil to India to China as well as in many parts of Europe.

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