Naspers - trading statement
Shareholders are advised that the Naspers group ("the group") is finalising its provisional report and consolidated annual financial statements for the year ended 31 March 2019.
During the current year the group distributed its interest in its video-entertainment business, MultiChoice Group Ltd. (MultiChoice Group), to its shareholders as a pro rata distribution in specie (the distribution). Following the distribution, the results of the video-entertainment segment have been presented as results from discontinued operations. The prior year income statement has been restated to distinguish between continuing and discontinued operations.
The group has illustrated the anticipated changes in core headline earnings, earnings and headline earnings per share for the year ended 31 March 2019 as compared to 31 March 2018 for both total operations (as previously reported) and continuing operations in the tables below:
31 March 2018 (as reported) US cents expected; 31 March 2019 increase/(decrease) US cents and Expected increase/(decrease)%
Core headline earnings per share - 553; 133 – 145; 24% – 26%
Earnings per share - 2 604; (1 641) – (1 614); (63%) – (62%)
Headline earnings per share - 387; 468 – 480; 121% – 124%