Naspers sees full-year earnings rise

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Naspers sees full-year earnings rise

Naspers says it expects core headline earnings per share for the year ending March 2013, to be between 15% and 25% higher.

 

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Yippee!

 

[Creag]

SA media giant Naspers says it expects core headline earnings per share for the year ending March 2013, to be between 15% and 25% higher than the comparable period´s R18.50.

In afternoon trade on the JSE, shares in Naspers declined 1.99% or R14.21 to R699.80, giving the group a market value of R290.8 billion. However, the All-Share Index lost 2.93%.

Not often a company comes out with results this good and its share price drops. But then again this was a absolute nightmare of a day right across the JSE.