Naspers Fiscal Year 2022 Revenue Rose on E-Commerce Gains; Launches Buyback Program
27 Junho 2022 - 4:03AM
Dow Jones News
By Anthony O. Goriainoff
Naspers Ltd. and its Amsterdam-listed subsidiary Prosus NV said
Monday that revenue grew in fiscal 2022, bolstered by their
e-commerce segments, and that they are launching an open-ended
buyback program of both Naspers and Prosus shares.
South African investor Naspers--which owns a major stake in
Chinese tech giant Tencent Holdings Ltd. through Prosus--said
revenue for the year to March 31 was $7.94 billion, compared with
$5.93 billion a year earlier.
Naspers said e-commerce segment revenue rose 56% to $10.7
billion. E-commerce segment revenue for Prosus was $9.8 billion, up
58%, it said.
Naspers said core headline earnings per share were $7.18,
compared with $8.14.
Core headline earnings for Naspers fell 40% to $2.1 billion,
with Prosus reporting core headline earnings of $3.7 billion, a
drop of 23%. The group said this was due to the continuing
investment in the e-commerce portfolio and a period of slower
growth at Tencent, as it adapted to China's regulatory changes.
Group trading profit fell 10% to $5 billion, reflecting
investments to expand market opportunity for each segment in the
business, the group said.
The group said it had disposed of shares in JD.com Inc. for
proceeds of around $3.67 billion. Those proceeds will be retained
by the Prosus group for general corporate and liquidity purposes,
it said.
"Our solid financial footing positions us well for the
challenging operating environment and the execution of our
strategy," the company said.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
June 27, 2022 02:48 ET (06:48 GMT)
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