11 Jun 2013 14:27
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 provisional report for the year ended 31 March 2013.
We expect core headline earnings per share to be between 15% and 25% higher than the comparable period's 1 850 cents. The majority of our core headline earnings are generated from operations offshore. As a consequence, the currency translation effect of the depreciation of the Rand relative to the prior period will play a significant role in boosting expected core headline earnings growth. 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.
Headline earningsper share for the period are expected to be between 25% and 35% higher than the prior period's 1 297 cents.It is expected that earnings per share for the year ended 31 March 2013, will be between 100% and 110% higher compared to the prior period's 770 cents, mainly as a consequence of the book profit flowing from Mail.ru's sale of a portion of its shares in Facebook, which is non-recurring.
Further details will be provided in the provisional report, due to be released on or about 25 June 2013. The financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors.
Cape Town11 June 2013Sponsor: Investec Bank Limited