18 Nov 2009 12:30
Naspers Limited
(Incorporated in the Republic of South Africa)
(Reg. No 1925/001431/06)
JSE Share Code: NPN ISIN: ZAE000015889
LSE 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 ended 30 September 2009.
We expect core headline earnings per share to be between 30% and 40% higher than the comparable period's 476 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 ended 30 September 2009 will be between 55% and 65% lower compared to the prior period's restated 1 015 cents (previously 961 cents), mainly as a consequence of once-off accounting profits arising on the sale of the pay-television operation in Greece last year.
Headline earnings per share for the period are expected to be between 30% and 40% higher than the prior period's restated 291 cents (previously 343 cents).
The prior period figures were restated after finalising the purchase price allocation of certain acquisitions, with no effect on core headline earnings per share.
Further details will be provided in the interim report, due to be released on or about 26 November 2009. Financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors.
Cape Town
18 November 2009
Sponsor: Investec Bank Limited