NPN
NPN
NPN - Naspers - Trading Statement
Naspers Limited
(Incorporated in the Republic of South Africa)
(Reg. No 1925/001431/06)
Share Code: NPN & IZIN: ZAE000015889
("Naspers")
Trading Statement
Shareholders are advised that the Naspers group is presently preparing its
annual financial statements for the year ending 31 March 2007. The group
continues to experience favourable trading conditions in most of its
markets and operating performance remains positive.
We expect core headline earnings per share for the period to be between 25%
and 35% higher than the restated comparable period`s core headline earnings
per share of 714 cents. We refer shareholders to our annual financial
statements and to the website www.naspers.com for an analysis of historic
headline and core headline earnings.
However, and as reported at the interim stage, International Financial
Reporting Standards (IFRS) creates volatility in reported earnings,
particularly as it relates to foreign currency translations and fair value
accounting.
In addition, earnings in the prior year include a capital profit of some R1
billion arising from the sale of the group`s interest in United
Broadcasting Public Company Limited (UBC) in Thailand. This profit will not
recur in the current financial year.
As a consequence of these factors, earnings per share for the period is
expected to be between 30% and 40% lower than the prior period`s restated
earnings per share of 1 114 cents.
Headline earnings per share for the period is expected to be between 10%
and 20% higher than the prior period`s restated headline earnings per share
of 764 cents.
Further details will be provided in the provisional report, due to be
released on or about 26 June 2007. The financial information on which this
trading statement is based has not been reviewed or reported on by the
company`s auditors.
Cape Town
14 June 2007
Sponsor: Investec Bank Limited
Date: 14/06/2007 15:21:07 Produced by the JSE SENS Department.
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