Tencent Shareholder Naspers Expects Full-Year Performance to Reflect Growth

By Najat Kantouar

Naspers said it expects its fiscal year performance to be boosted by accelerated growth and improved profitability in its ecommerce businesses and investments, mainly in Tencent.

The South African investor--which owns a 26% stake in Tencent Holdings through Prosus--said Wednesday that for the year ended March 31 core headline earnings per share are expected to increase between 55.9% and 62.9% to 642 U.S. cents and 722 cents.

Headline earnings per share are expected to be between 710 cents to 763 cents. Both figures are on a continuing operations basis and exclude the gains relating to the selldown of Tencent and impairment charges.

The group also anticipates earnings per share to increase between 90.8%-97.7%, reflecting overall profitability along with lower impairment charges on investments, it added.

"Looking ahead, the group will focus on building lifestyle ecommerce ecosystems in Latin America, India and Europe, accelerating innovation, and leveraging its AI-driven technology to drive sustainable profitable growth," Naspers said.

The company will publish its financial statements on June 23.

Write to Najat Kantouar at [e-mail]

(END) Dow Jones Newswires

06-11-25 1241ET