Naspers posts slower rise in half-year earnings
Food delivery remains the company's biggest area of investment for the year
22 November 2019 - 16:57
Naspers posted a slower rise in half-year earnings on Friday as Tencent’s profit gains were anchored by a slight decline at the online classifieds business and heavy investment in food delivery.
The Cape Town-based company’s 31% stake in China’s Tencent, one of the world’s largest internet companies, represents the bulk of its value. But Naspers has in recent years built up a portfolio of businesses in classifieds, payments and food delivery, which, along with the Tencent stake, it listed as Prosus on Amsterdam’s Euronext bourse in September...
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