0
Broadband

Naspers FY revenue rises 32%

Monday 21 June 2021 | 09:40 CET | News
Naspers said its group revenues increased by 32 percent year on year to USD 29.6 billion for the year ended 31 March after revenue growth of 55 percent in e-commerce portfolio and 28 percent revenue growth at Tencent. Trading profit rose by 45 percent to USD 5.6 billion and core headline earnings increased by 15 percent to USD 3.5 billion. The group now serves 2 billion users globally.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Naspers / Tencent
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Naspers invests ZAR 42 mln in travel info and Big Data firm WhereIsMyTransport

Published 07 Jun 2021 11:31 CET | Latin America
Naspers has announced a ZAR 42 million investment in Cape Town-founded, WhereIsMyTransport through its early-stage tech ...

Prosus declares voluntary exchange offer to acquire 45.4% of Naspers shares

Published 12 May 2021 11:30 CET | World
Naspers subsidiary Prosus has announced a voluntary share exchange offer to Naspers shareholders. It seeks to acquire 45.4 ...

Prosus sells 2% stake in Tencent for USD 14.6 billion

Published 08 Apr 2021 09:19 CET | China
The holding company Prosus has sold a 2 percent stake in Tencent for USD 14.6 billion. The accelerated offering of nearly 192 ...

South African Competition Commission probes e-commerce industry

Published 04 Mar 2021 10:45 CET | South Africa
South Africa's Competition Commission will conduct a market inquiry into the e-commerce industry, and Naspers is front and centre ...

Romania's competition council fines eMag owner nearly EUR 7 mln

Published 30 Dec 2020 10:36 CET | Romania
Romania's Competition Council has sanctioned the owner of Romanian e-retailer eMag, Dante International to the tune of RON 32.28 ...

Naspers revenue rises 32% in H1

Published 23 Nov 2020 09:45 CET | Africa
Naspers said its revenue increased 32 percent to USD 13.0 billion in the first six months to 30 September from USD 10.2 billion a ...