15 Nov 2013 14:30
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 to 30 September 2013.
We expect core headline earnings per share to be between 10% and 20% higher than the comparable period's 1 073 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 2013 will be between 20% and 30% lower compared to the prior period's 1 079 cents, mainly as a consequence of a non-recurring profit in the previous period when Mail.ru sold some of its shares in Facebook, as well as impairment charges. Headline earningsper share for the period are expected to be between 5% and 15% higher than the prior period's 830 cents.
Further details will be provided in the interim report, due to be released on or about 26 November 2013. Financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors.
Cape Town15 November 2013Sponsor: Investec Bank Limited
NPSN.L (NPSN)