Tencent Investor Naspers Sees Profit Boost Ahead of Spinoff
- Africa’s biggest company preparing for tech investment listing
- Stock has gained 24% this year; beating FTSE/JSE Top40 Index
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Naspers Ltd.’s full-year earnings rose by as much as a third ahead of the technology group’s planned asset spinoff in Amsterdam, a move designed to reduce its dominance of Johannesburg’s stock exchange.
Core headline earnings per share, which strip out non-operational items, are expected to have grown by between 31% and 33%, the Cape Town-based company said in a statement ahead of more detailed financials scheduled for June 21.