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14 Nov 2014 13:45
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 2014.
We expect core headline earnings per share to be between 18% (1 473 cents) and 24% (1 548 cents) higher than the comparable period's 1 248 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 2014 will be between 180% (2 209 cents) and 190% (2 288 cents) higher compared to the prior period's 789 cents, mainly as a consequence of gains recognised by our associates on the sale and remeasurement to fair value of investments. These gains have been excluded from both core headline earnings and headline earnings per share. Headline earningsper share for the period are expected to be between 18% (1 089 cents) and 24% (1 144 cents) higher than the prior period's 923 cents.
Further details will be provided in the interim report, due to be released on or about 25 November 2014. Financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors.
Cape Town14 November 2014Sponsor: Investec Bank Limited
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