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.

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