NPN
NPN
NPN - Naspers - Trading Statement
Naspers Limited
(Incorporated in the Republic of South Africa)
(Reg. No 1925/001431/06)
JSE Share Code: NPN & ISIN: ZAE000015889
LSE ADS Code: NPSN & ISIN: US6315121003
("Naspers")
Trading Statement
The Naspers group is presently finalising its interim report for the six months
ended 30 September 2008. Shareholders are advised that the group continues to
progress in most of the markets in which it operates.
It is expected that earnings per share for the six months ended 30 September
2008 will be between 120% and 130% higher compared to the prior period`s
earnings per share of 422 cents. Shareholders should note that this is mainly as
a consequence of the non-recurring accounting profit arising on the sale of the
pay-television operation in Greece.
Headline earnings per share for the period are expected to be between 20% and
30% lower than the prior period`s headline earnings per share of 461 cents. This
is as a consequence of the accounting treatment for the amortisation of
intangible assets arising from the application of purchase accounting to recent
acquisitions.
We expect core headline earnings to be between 0% and 10% higher than the
comparable period`s R1,7 billion and core headline earnings per share to be
between 0% and 10% lower than the comparable period`s core headline earnings per
share of 495 cents. Shareholders are reminded that the board considers core
headline earnings an appropriate measure of the sustainable operating
performance of the group, as it adjusts for non-recurring and non-operational
items.
Further details will be provided in the interim report, due to be released on or
about
26 November 2008. The financial information on which this trading statement is
based has not been reviewed or reported on by the company`s auditors.
Cape Town
12 November 2008
Sponsor: Investec Bank Limited
Date: 12/11/2008 14:00:06 Produced by the JSE SENS Department.
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