16 Nov 2012 11:50
Naspers Limited
(Incorporated in the Republic of South Africa)(Reg. No 1925/001431/06)
JSE Share Code: NPN ISIN: ZAE000015889LSE ADS Code: NPSN ISIN: US6315121003
("Naspers")
Trading Statement
Shareholders are advised that the Naspers group is presently finalising its interim report for the six months to 30 September 2012.
We expect core headline earnings per share to be between 10% and 20% higher than the comparable period's 921 cents. Shareholders are reminded that the board considers core headline earnings an appropriate indicator of the sustainable operating performance of the group, as it adjusts for non-recurring and non-operational items.
It is expected that earnings per share for the six months to 30 September 2012 will be between 110% and 120% higher compared to the prior period's 498 cents, mainly as a consequence of a non-recurring book profit flowing from Mail.ru's sale of a portion of its shares in Facebook. Headline earningsper share for the period are expected to be between 15% and 25% higher than the prior period's 692 cents.
Further details will be provided in the interim report, due to be released on or about 27 November 2012. Financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors.
Cape Town16 November 2012Sponsor: Investec Bank Limited