Naspers’s big bet classifieds business turns the corner
Turn to internet-based business yields a profit, but Naspers would be deep in the red without its stake in China’s Tencent
23 June 2019 - 18:19
Naspers’s classifieds business — its big bet on the future — turned profitable for the first time, the company said on Friday as it reported its maiden set of results since unbundling MultiChoice.
Africa’s largest company, which is transforming itself from a print and pay-TV business into a global consumer internet group, posted a 26% jump in core headline earnings to $3bn (more than R40bn) and an 11% rise in trading profit to $3.3bn for the year to end-March...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.