Naspers flags 50% drop in interim earnings amid global downturn
21 November 2022 - 20:42
Naspers expects to report a more than 50% drop in earnings for the six months to end-September due to a global economic downturn — characterised by high inflation and interest rates — leading to reduced activity in e-commerce.
On Monday, the group said it expects to report core headline earnings per share of 228c-257c, which is up to 61.7% lower than the previous comparable period. ..
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