Naspers Limited (JSE: NPN; LSE: NPSN) Today Announced Strong Results for the Six Months Ended 30 September 2020
CAPE TOWN, South Africa–(BUSINESS WIRE)–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…