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THE SMART NEWS SOURCE | Feb 10 2012 22:26 | LAST UPDATED Feb 10 2012 22:26 |
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Africa's biggest media group, Naspers, reported a 36% increase in first-half core headline earnings per share on Thursday, helped by a robust performance from its pay-TV and internet units. Naspers, which owns Africa's biggest pay-TV network DStv, said core headline earnings per share rose to 648 cents in the six months to end-September and in line with its forecast range of 30% to 40% rise. Revenue rose 6% to R13,5-billion, boosted by growth of 352 000 new pay-TV subscribers and a strong performance at its internet unit. But the company said its print media business was under pressure as slower consumer spending in South Africa hit advertising revenue. Naspers, which has stakes in companies in China, Brazil and Russia, gave no outlook for the second half. -- Reuters  CONTINUES BELOW TOPICS IN THIS ARTICLE
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