Naspers forecasts higher profitsComment on this story
Media giant Naspers (NPN) advised on Friday that core headlines per share for the six months ended September are expected to be between 10% and 20% higher than the previous comparable half-year’s 921 cents.
The group explained that it considered core headline earnings an appropriate indicator of the sustainable operating performance of the group‚ as it adjusts for non-recurring and non-operational items.
It is expected that earnings per share for the six months to 30 September 2012 will be between 110% and 120% higher compared to the prior period’s 498 cents‚ mainly as a consequence of a non-recurring book profit flowing from Mail.ru’s sale of a portion of its shares in Facebook.
Headline earnings per share for the period are expected to be between 15% and 25% higher than the prior period’s 692 cents.
Naspers said that further details would be provided in the interim report‚ due to be released on or about 27 November 2012. - I-Net Bridge