18 Nov 2016 12:20
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 ("the group") is presently finalising its condensed consolidated interim report for the six months ended 30 September 2016.
We expect core headline earnings per share to be between 23% (39 US cents) and 28% (47 US cents) higher than the comparable period's 169 US 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 2016 will be between 10% (15 US cents) and 15% (22 US cents) lower compared to the prior period's 148 US cents. Headline earnings per share is expected to increase by between 10% (11 US cents) and 15% (17 US cents) from the prior period's 114 US cents.
Further details will be provided in the condensed consolidated interim report, due to be released on or about 25 November 2016. Financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors.
Cape Town18 November 2016Sponsor: Investec Bank Limited