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Naspers up as Tencent lifts profit

March 20 2013 at 04:56pm
By Reuters

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Tencent

REUTERS

Tencent headquarters at Nanshan Hi-Tech Industrial Park in the southern Chinese city of Shenzhen.

Johannesburg - Shares in Naspers rise more than 2 percent, riding on a more than one-third growth in quarterly profit from its Chinese money spinner Tencent Holdings.

Naspers, which owns just over a third of China's largest online gaming and social networking company, is up 2.1 percent at 598.55 rand.

Tencent posted a 36.5 percent rise in fourth-quarter profit from a year ago, meeting analysts' expectations on robust sales of online games. - Reuters


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