Naspers outlines path to e-commerce profits
Focus is on ensuring that scale drives margin expansion and starts to pay for fixed costs, says group CFO Basil Sgourdos
11 December 2022 - 16:59
Naspers, SA’s biggest listed company, says its e-commerce businesses are on the verge of reaching sufficient scale to become self sustaining, placing the division firmly on track to be profitable by 2025 as scheduled.
Group management has been working for years to close the discount between the behemoth’s market value and the sum of its parts. That mission is now directly tied to executive pay for the current financial year. About two months ago, the group initiated an open-ended share repurchase plan to help expedite the plan...
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