South Africa: Naspers Core Headline Earnings Grow By 30 Percent

Naspers [JSE:NPN] said on Monday that its core headline earnings, a measure the board considers a reliable indicator of sustainable operating performance, grew 30% to R11.2bn, up from R8.6bn in 2014.

It said this was mainly due to increased earnings contributions from Tencent - which it has a 34% stake in - and some of the profitable ecommerce businesses.

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