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Shares / Re: Pulverized Sand Box
« on: June 22, 2018, 03:41:34 pm »
Summarised consolidated financial results for the year ended 31 March 2018
Naspers Limited
(Registration number: 1925/001431/06) (Naspers or the group)
JSE share code: NPN ISIN: ZAE000015889
LSE ADS code: NPSN
ISIN: US 6315122092
Summarised consolidated financial results for the year ended 31 March 2018
COMMENTARY
Naspers delivered robust growth for the year ended 31 March 2018. Group revenue, measured on an economic-interest
basis, was US$20.1bn, up 38% on last year (or 39% in local currency and adjusted for acquisitions and disposals). This is
a meaningful growth acceleration of which ecommerce and Tencent were key drivers. On the same basis, group trading profit
rose 47% to US$3.4bn (or 52% in local currency and adjusted for acquisitions and disposals). Ecommerce - particularly the
classifieds, payments and travel businesses - improved profitability. Tencent's strong performance contributed to the
trading profit acceleration. Core headline earnings, the board's measure of operating performance, was up 72% on last year
at US$2.5bn. Refer to note 2 of these summarised consolidated financial results for details of the group's change in
calculation of core headline earnings and trading profit during the year.
Naspers Limited
(Registration number: 1925/001431/06) (Naspers or the group)
JSE share code: NPN ISIN: ZAE000015889
LSE ADS code: NPSN
ISIN: US 6315122092
Summarised consolidated financial results for the year ended 31 March 2018
COMMENTARY
Naspers delivered robust growth for the year ended 31 March 2018. Group revenue, measured on an economic-interest
basis, was US$20.1bn, up 38% on last year (or 39% in local currency and adjusted for acquisitions and disposals). This is
a meaningful growth acceleration of which ecommerce and Tencent were key drivers. On the same basis, group trading profit
rose 47% to US$3.4bn (or 52% in local currency and adjusted for acquisitions and disposals). Ecommerce - particularly the
classifieds, payments and travel businesses - improved profitability. Tencent's strong performance contributed to the
trading profit acceleration. Core headline earnings, the board's measure of operating performance, was up 72% on last year
at US$2.5bn. Refer to note 2 of these summarised consolidated financial results for details of the group's change in
calculation of core headline earnings and trading profit during the year.