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Naspers Limited - Trading Statement

Release Date: 20/05/2005 16:36
Code(s): NPN
Wrap Text

Naspers Limited - Trading Statement Naspers Limited (Incorporated in the Republic of South Africa) (Reg. no 1925/001431/06) Share code: NPN IZIN: ZAE000015889 ("Naspers") Trading statement Shareholders are advised that headline earnings per share for the financial year ending 31 March 2005 is anticipated to increase to between 750 cents and 810 cents and earnings per share between 920 and 950 cents. This exceptional growth, off a low base, is partly due to the technical application of South African Statements of Generally Accepted Accounting Practice (GAAP) relating to the creation of deferred tax assets, which gave a once-off boost to earnings and headline earnings. In addition, we benefited from the turnaround in the profitability of our Greek pay-television operations and the buoyant economic conditions in the major markets in which we operate. The board cautions shareholders regarding an optimistic outlook of future of earnings and headline earnings growth as it is difficult to determine how long favourable economic conditions will continue. In addition, some of our businesses are mature or maturing and some earnings generated this year by the technical application of GAAP are unlikely to recur. The financial information on which this trading statement is based has not been reviewed or reported on by the company"s auditors. Further details will be provided in the year-end results of Naspers, which are due to be published on or about 29 June 2005. Cape Town 20 May 2005 Sponsor: Investec Bank Limited Date: 20/05/2005 04:36:02 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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