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THE SMART NEWS SOURCE | Feb 10 2012 23:19 | LAST UPDATED Feb 10 2012 23:19 |
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Naspers, Africa's biggest media company, lifted annual core headline earnings by 38% to R3,9-billion, the company said on Wednesday. Naspers, which owns the continent's biggest pay-TV network, DStv, said revenue rose 19% to R20,5-billion. The media group said its revenue growth has been largely driven by its pay-TV and internet units. The pay-TV unit increased its sales by 22%, benefiting from 246 000 additional subscribers and the internet unit's revenue rose 42% to R1,6-billion. Naspers's operating profit before amortisation and other gains and losses grew by 15% to R4,2-billion. "Geographically, our attention remains mostly on the emerging markets, as these still offer good opportunities for growth," the group said in a statement. "The group has made some substantial investments over the past two years and these will be further developed." Shares in Naspers were trading 2,59% higher at R158,50 by 7.31am GMT, while the Top-40 index was down 0,5% - Reuters  CONTINUES BELOW TOPICS IN THIS ARTICLE
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