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18 Nov 2010 12:30
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 ended 30 September 2010.
We expect core headline earnings per share to be between 25% and 35% higher than the comparable period's 648 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 2010 will be between 110% and 120% higher compared to the prior period's 424 cents, mainly as a consequence of once-off accounting profits arising on the contribution of our investment in Mail.ru to obtain a stake in Digital Sky Technologies. Headline earnings per share for the period are expected to be between 55% and 65% higher than the prior period's 394 cents. We emphasize that these figures are distorted by non-recurring and non-operational items.
Further details will be provided in the interim report, due to be released on or about 30 November 2010. Financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors.
Cape Town18 November 2010Sponsor: Investec Bank Limited
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