Naspers Delivers US$836m Free Cash Flow Improvement, 18% Revenue Growth and Ecommerce Profitability [Yahoo! Finance]
NASPERS LTD S/ADR (NPSNY)
NASDAQ:AMEX Investor Relations:
naspers.com/news/publication-of-prospectus-and-expected-admission-o
Company Research
Source: Yahoo! Finance
Naspers simplified its Group structure, delivered improvements across all core performance metrics and achieved Ecommerce profitability six months ahead of target. Operating businesses have performed well, accelerating profitable growth, while the open-ended buyback programme continues to deliver value for our shareholders every day. The rapid deployment of AI-led technologies across the Naspers ecosystem is generating real results and will set the next frontier of value creation for the Group. Naspers has a strong balance sheet and is well positioned to generate improved returns through smart and disciplined capital allocation, driving value for all stakeholders. On 17 May 2024, the Board announced the appointment of Fabricio Bloisi, former iFood CEO, as Prosus and Naspers Group CEO, effective from 1 July 2024. Ervin Tu, Interim Group CEO, will become Group President and Chief Investment Officer (CIO). Accelerated peer-leading topline growth of 18%, with Ecommerce consolidated re
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News
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