Subscribe to: Newsletter      Comments      News

Naspers post strong results again

Posted by radio On June - 29 - 2015

Naspers today announced financial results for the year ended 31 March 2015


Progress across platforms


naspersOn an economic-interest basis, revenue grew 26% to R132,4bn, driven by growth across the internet, ecommerce and video-entertainment (previously pay-television) segments.


Core headline earnings, an indication of sustainable earnings performance, grew 30% to R11,2bn, mainly due to increased earnings contributions from Tencent and some profitable ecommerce businesses. Core headline earnings per share amounted to R27,82 and a dividend increase of 11% to R4,70 per share is proposed.


“We improved our internet and video-entertainment platforms,” said Naspers chair, Koos Bekker. “In a few key markets we strengthened people, technology, content or marketing. However, competition is tough and global, while some emerging economies are struggling and consumers feel the pinch.”


“The combination of populous markets and attractive platforms for ecommerce and content delivery, suggest growth potential for the years ahead,” said Naspers CEO, Bob van Dijk. “We are investing in proven business models that can become cash generators if executed well,” he added.


In ecommerce, both classifieds and etail saw growth, resulting in revenues increasing 36% to R27,8bn. Tencent in China was the main contributor to the group’s share of equity accounted results growing to R16,4bn.


The video-entertainment division produced consistent performance. Revenues increased 17% to R42,4bn, whilst a step-up in development spend on the DTT business resulted in margin pressure. The DTT subscriber base doubled to close at 2,2m customers. Some 727 000 DTH subscribers were added to bring the DTH base to almost 8m subscribers. In total, the group now serves around 10,2m households in 50 countries across the African continent.


The print-media segment saw the listing of printing business Novus in March 2015. This segment managed to deliver only marginal revenue growth, while continuing to develop young revenue streams in internet and ecommerce.


“We aim to deliver great customer experiences in order to grow ahead of our competitors and expand markets. This is reflected in the development spend (including those of equity-accounted ecommerce investments) which increased by 33% to R10,7bn,” said Basil Sgourdos, group CFO.




Did you like this? Share it:

Leave a Reply

You must be logged in to post a comment.

Liberty Radio Awards winners announced

The top performers of the South African Radio industry were acknowledged at the Liberty Radio Awards gala banquet in Sandton […]

Industry greats #TakeCharge at this year’s sold-out East Coast Radio GIBS Business Breakfast

The power packed line-up saw four of South Africa’s business leaders as keynote speakers who shared their knowledgeable experiences in […]

Liberty Radio Awards My Station Finalists Announced

Listeners voting for their favourite stations in the 2019 Liberty Radio Awards My Station category closed at midnight on Tuesday […]

Phat Joe takes over Radio 2000 Breakfast Show

Radio 2000 has announced a few changes to its line-up, in order to remain competitive and relevant to audiences across […]