April 11, 2021
Business News

Naspers Limited (JSE: NPN; LSE: NPSN) Today Announced Strong Results for the Six Months Ended 30 September 2020

CAPE TOWN, South Africa–()–Naspers Limited (JSE:NPN) (LSE:NPSN):

The group recovered well from a tough first quarter to accelerate revenue growth, improve profitability and cash-flow generation.

Strong performance in uncertain times:

  • Group revenue grew 32% to US$13.0bn (HY20: US$10.2bn), with strong growth across food delivery, etail and education.

    • Prosus revenues grew 32% to US$12.7bn (HY20: US$9.9bn)
    • 141% revenue growth of food delivery
    • 69% revenue growth in etail
    • 54% revenue growth in edtech
  • Group trading profit increased by 42% to US$2.6bn (HY20: US$1.9bn).
  • Core headline earnings were US$1.6bn (HY20: US$1.7bn) driven by improved profitability from our ecommerce units and the growing…

Click here to view the original article.

Related Posts

You might also like ...

Article feature image
Fed’s Powell: U.S. economy at an ‘inflection point’ – CBS ’60 Minutes’
Article feature image
Stimulus check update: When will ‘plus-up’ payments arrive? Answers to your COVID relief questions
Alnylam Presents Positive Late-Breaking Data from Ongoing Phase 1 Study of ALN-AGT, an Investigational RNAi Therapeutic for the Treatment of Hypertension