Naspers final results March 2018

Revenue for the year increased by 9% to USD6.7 billion (2017: USD6.1 billion). Operating loss lowered by 45% to USD198 million (2017: USD360 million). Profit attributable to equity holders of the group shot up to USD11.4 billion (2017: USD2.3 billion). In addition, headline earnings per N ordinary share was USD416 cents per share (2017: USD44 cents per share).

Dividend number 88
The board recommends that the annual gross dividend be increased by 12% to 650 cents (previously 580 cents) per listed N ordinary share and 130 cents (previously 116 cents) per unlisted A ordinary share.

Company prospects
In the year ahead the group will use its strong balance sheet to accelerate the growth of its classifieds, food-delivery and fintech businesses globally, and to pursue other growth opportunities when they arise. The group will continue to scale the ecommerce and sub-Saharan Africa video-entertainment businesses and drive them closer to profitability. The focus will be on innovation, particularly in the areas of artificial intelligence and machine learning, navigating macroeconomic headwinds and managing costs in mature businesses.

2018-06-22 16:24:37