Naspers Limited - 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 headline earnings per share for the
financial year ending 31 March 2005 is anticipated to increase to
between 750 cents and 810 cents and earnings per share between 920
and 950 cents. This exceptional growth, off a low base, is partly
due to the technical application of South African Statements of
Generally Accepted Accounting Practice (GAAP) relating to the
creation of deferred tax assets, which gave a once-off boost to
earnings and headline earnings. In addition, we benefited from the
turnaround in the profitability of our Greek pay-television
operations and the buoyant economic conditions in the major markets
in which we operate.
The board cautions shareholders regarding an optimistic outlook of
future of earnings and headline earnings growth as it is difficult
to determine how long favourable economic conditions will continue.
In addition, some of our businesses are mature or maturing and some
earnings generated this year by the technical application of GAAP
are unlikely to recur.
The financial information on which this trading statement is based
has not been reviewed or reported on by the company`s auditors.
Further details will be provided in the year-end results of Naspers,
which are due to be published on or about 29 June 2005.
Cape Town
20 May 2005
Sponsor: Investec Bank Limited
Date: 20/05/2005 04:36:02 PM
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