15 Jun 2016 14:00
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 provisional report for the year ended 31 March 2016. Shareholders should note that the group's results are presented in US dollars from the financial year ended 31 March 2016. Restated comparative US dollar financial information was published via SENS on 18 April 2016.
We expect core headline earnings per share to be between 15% (38 US cents) and 20% (51 US cents) higher than the comparable period's 255 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 year ended 31 March 2016, will be between 20% (62 US cents) and 25% (78 US cents) lower compared to the prior period's 311 US cents. Headline earnings per share for the year is expected to increase by between 0% (0 US cent) and 5% (8 US cents) from the prior period's 167 US cents.
Further details will be provided in the provisional report, due to be released on or about 24 June 2016. Financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors.
Cape Town15 June 2016Sponsor: Investec Bank Limited
NPSN.L (NPSN)