Naspers keeps growing, but growth is slowing.
Home-grown internet giant, Naspers, turned in solid results for the year ended 31 March 2014. Consolidated revenue grew by 26% thanks to the group’s TV and internet businesses. The group’s core earnings was reported at R8,6bn while consolidated revenues grew to R62,7bn.
Revenue growth was fuelled by a development spend of R7,7bn which Naspers used mainly on digital terrestrial television and ecommerce investments.
For the low-down on Naspers’ latest financial results, take a look at some of these reports.
Moneyweb speaks to Koos Bekker about the latest figures.
BusinessTech reports on the media giant’s latest spending spree… in India.
Ann Crotty of Business Day writes that Naspers’ Tencent trip is going to be a roller-coaster ride.
From Bloomberg via IOL: “Naspers profit slows on internet strategy“.
On ITWeb Africa: “Naspers pay-TV services reach over 8 million African homes“.