Global internet group Naspers profit plummets by R147 billion.
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GUEST – Jan Vermuelen, mybroadband editor
Naspers has released its annual financial results, reporting an over 46% decrease in profit from $18.5 billion (R318 billion) to $9.95 billion (R171 billion). Sister company Prosus posted a similar performance, with its annual profit decreasing from $18.6 billion (R319 billion) to $10.0 billion (R172 billion). The poor performance comes after the companies warned two weeks ago that they expect their headline earnings per share to drop by between 74% to 82%.
Naspers has released its annual financial results, reporting an over 46% decrease in profit from $18.5 billion (R318 billion) to $9.95 billion (R171 billion). Sister company Prosus posted a similar performance, with its annual profit decreasing from $18.6 billion (R319 billion) to $10.0 billion (R172 billion). The poor performance comes after the companies warned two weeks ago that they expect their headline earnings per share to drop by between 74% to 82%.
