It wasn’t the first time Naspers has issued a profit warning; its substantial investments in various e-commerce ventures, as well as the odd corporate restructuring, make it almost inevitable. But this is the first time Tencent has played a contributing role to an expected decline in core annual headline earnings.
As usual, management seems upbeat about its performance; 2022, it says, was “a year of progress”. Naspers remained focused on “delivering strong operational growth across our core segments”. It invested $6.2bn in new acquisitions and existing business to expand the group’s ecosystem and “to position the business for continued long-term growth in line with long-term strategy”. You get the message? This is all about good things happening some time in the future...
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tencent bites its Naspers tailFor the first time in years, Tencent's dividends to Naspers may come under pressure, which bodes ill for its efforts to diversify away from the Chinese tech giant.
Source: FinancialMail - 🏆 20. / 63 Read more »
Tencent bites its Naspers tailFor the first time in years, Tencent's dividends to Naspers may come under pressure, which bodes ill for its efforts to diversify away from the Chinese tech giant.
Source: FinancialMail - 🏆 20. / 63 Read more »
Tencent bites its Naspers tailFor the first time in years, Tencent's dividends to Naspers may come under pressure, which bodes ill for its efforts to diversify away from the Chinese tech giant.
Source: FinancialMail - 🏆 20. / 63 Read more »
RECIPES | Two wholesome soups to keep you warm in this chilly weatherBaby it’s cold outside: Hearty soups take the bite out of the frosty weather.
Source: SundayTimesZA - 🏆 47. / 51 Read more »
RECIPES | Two wholesome soups to keep you warm in this chilly weatherBaby it’s cold outside: Hearty soups take the bite out of the frosty weather.
Source: SundayTimesZA - 🏆 47. / 51 Read more »
RECIPES | Two wholesome soups to keep you warm in this chilly weatherBaby it’s cold outside: Hearty soups take the bite out of the frosty weather.
Source: SundayTimesZA - 🏆 47. / 51 Read more »