The biggest SUPER-BUSINESS in South Africa: NASPERS – Profits collapse by 50%
Video: DWUMS: Defenseless White Urban Males & Learned White Helplessness
I discuss Whites who are out of their depth and helpless when they realise with horror the truth about Liberalism and Capitalism. I also talk about how Whites are caught up in fake problems that are the result of having so many moral factors that they need to take into account. Even here in South Africa we have helpless urban Whites who get flustered over nothing.
[This gigantic company is in with the Jews and it is heavily invested in communist China. This company alone, dominates the mass of the South African Stock Exchange. This is where the Afrikaners and Jews teamed up. But I'm happy to see that its sinking. Excellent. It owns liberal, anti-white scumbag Afrikaans newspaper. Sink you bastards! Jan]
South African e-commerce giant Naspers reported a 48% slump in half-year profit on Friday, at the better end of its guidance range after a previously-flagged drop in gains on investments at China’s Tencent.
Founded more than 100 years ago, Naspers has transformed itself from a newspaper publisher into an empire worth almost $70 billion, with its 31% stake in Tencent the jewel in its crown.
Naspers said earlier this week its profits could fall by up to 53.6% after a reduction in fair value gains on investments held by Tencent from $1.4 billion in 2018 to $400 million this year.
Headline earnings per share, the main profit measure in South Africa, fell to 326 cents from a revised 624 cents a year earlier, but Naspers said the performance of its main businesses was promising.
“The progress of our core segments, which are growing fast and scaling well, gives us confidence in our ability to continue identifying opportunities to unlock significant value,” its statement said.
Its shares were up 1.4% by 1327 GMT.
Naspers said core profits from continuing operations rose 8% to $1.7 billion, largely thanks to improving profitability at Tencent and its more established e-commerce businesses.
A hefty discount between Naspers’ own value and that of its stake in Tencent prompted the company to spin off its internet assets and list them separately in Amsterdam earlier this year, in a company called Prosus.
Core headline earnings from continuing operations also stood at $1.7 billion at Prosus, a 7% increase.
In its payments and fintech business, Naspers said the core payment service provider business had reached profitability.
Source: https://www.moneyweb.co.za/news/companies-and-deals/first-half-profit-at-naspers-almost-halves/
2005: After White Farmers chased out: A Few White Farmers make Zambia BOOM!!
After Mugabe chased thousands of White farmers away, a few hundred went to other countries including Zambia. Those White farmers made entire countries BOOM!
