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technology

South Africa's Naspers H1 profit jumps 39 pct


JOHANNESBURG, Nov 30 (Reuters) – South African media and e-commerce giant Naspers reported a 39 percent jump in half-year profit on Friday, thanks to a strong performance in its investment in China’s Tencent.

Naspers, which owns about a third of Tencent, said core headline earnings came in at $1.7 billion, or 385 cents per share, in the six months ended September compared with $1.2 billion, or 277 cents per share, a year earlier.

Core headline EPS is Naspers’ main profit measure that strips out non-operational and one-off items.

Reporting by Tiisetso Motsoeneng, editing by Louise Heavens



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