JOHANNESBURG – South African media and e-commerce giant Naspers reported a 39 percent jump in half-year profit on Friday, thanks to a strong performance in its investment in China’s Tencent.
Naspers, which owns about a third of Tencent, said core headline earnings came in at $1.7 billion, or 385 cents per share, in the six months ended September compared with $1.2 billion, or 277 cents per share, a year earlier.
Core headline EPS is Naspers’ main profit measure that strips out non-operational and one-off items. (Reuters)