Naspers Limited (JSE: NPN) today announced its results for the year ended 31 March 2014.
PURSUING FURTHER GROWTH
Naspers today announced financial results for the year ended 31 March 2014. Consolidated revenue grew a robust 26% to R62,7bn, driven by both internet and pay-television businesses. Growth was funded mainly by development spend, which accelerated 79% to R7,7bn. This step-up limited core headline earnings, considered by the board to be an indication of sustainable earnings performance, to R8,6bn, marginally higher than last year. Core headline earnings per share amounted to R21,81 and a dividend increase of 10% to R4,25 per share has been proposed.