Tag: Naspers
Naspers delivers Ecommerce profitability, 18% revenue growth and US$836m free cash...
It has been a standout year for the Group. Naspers simplified its Group structure, delivered improvements across all core performance metrics and achieved Ecommerce profitability six months ahead of target. Operating businesses have performed well, accelerating profitable growth, while the open-ended buyback programme continues to deliver value for our shareholders every day. The rapid deployment of AI-led technologies across the Naspers ecosystem is generating real results and will set the next frontier of value creation for the Group. Naspers has a strong balance sheet and is well positioned to generate improved returns through smart and disciplined capital allocation, driving value for all stakeholders.
Naspers accelerates profitability target and delivers on objectives
Naspers is successfully delivering on its commitments. The fundamentals of its operating businesses are improving, driving profitable growth. The ongoing open-ended buyback continues to compound value over time and the removal of the cross-holding agreement has greatly simplified the Group’s structure.
Naspers delivers against strategic objectives and is on-track to achieve profitability...
In the second half of the year, the Group made significant progress delivering on its strategic priorities, positioning it well for long-term value creation. The ongoing open ended repurchase programme is creating significant value for shareholders and actions taken in H2 to streamline operations have improved profitability. The Group has increased confidence in achieving its H1 2025 profit ambition, while continuing to deliver high growth.
Prosus delivers against strategic objectives and is on-track to achieve profitability...
In the second half of the year the Group made significant progress delivering on its strategic priorities, positioning it well for long-term value creation. The ongoing open ended repurchase programme is creating significant value for shareholders and actions taken in H2 to streamline operations have improved profitablity. The group has increased confidence in achieving its H1 2025 profit ambition, while continuing to deliver high growth.
BOOK REVIEW | Koos Bekker’s Billions
Koos Bekker has amassed one of the largest fortunes ever by a South African. Just how did he do it? Under Bekker, Naspers made several bad investments, a few mediocre ones, a few good ones … and one that shot the lights out.
Naspers delivers strong revenue growth with profitable core operations
Naspers Limited (JSE: NPN) announced strong revenue growth with profitability in core operations for the year ending 31 March 2022. Building on the prior year’s standout performance, the Group’s ecommerce portfolio delivered revenue growth of 49% to US$10.7 billion.
Prosus and Naspers – an unwavering growth strategy
There have been significant developments at Naspers-Prosus in recent times. The Great Value Unlock Trade (a cross-holding structure that was highly criticised by asset managers) was implemented, which made Naspers smaller in the local market and Prosus larger in the European market.
Naspers posts strong financial performance and progresses on strategy
The Naspers Board is immensely proud of what our people achieved during the past year. They managed the pandemic, delivered powerful revenue growth and lifted profitability. Foundations were laid for future growth. The year ended 31 March 2021 (FY21) was an extraordinary period.
MultiChoice’s first dividend remains on schedule
The video entertainment group says its strong balance sheet will support a maiden dividend at the end of the year. MultiChoice says it remains on track to pay a maiden full-year dividend amounting to R2.5 billion following a strong start to its 2020 financial year. And it's almost halved trading losses at its African operations outside of South Africa as it continues to draw more viewers.
Naspers capitalisation could be taxing
SA investors taking up stock in Prosus when it lists next month may be liable for capital gains tax. Naspers has cautioned investors on the tax implications ahead of next month's listing of its international assets in Amsterdam.