(Adds detail, company comment)
JOHANNESBURG, Nov 29 (Reuters) - Africa's biggest company by market value, Naspers NPNJn.J , reported a 65 percent jump in first-half profit on Wednesday, boosted by internet businesses that include the largest stake in China's Tencent Holdings 0700.HK .
Cape Town-based Naspers, which owns about a third of the Chinese internet company, said headline earnings rose to $1.5 billion, or 350 cents per share, from $914 million, or 212 cents per share.
Headline earnings per share (EPS) is Naspers' main profit measure that strips out non-operational and one-off items.
Its internet division contributed 77 percent of Naspers' revenue, up from 72 percent a year earlier.
"Robust growth saw internet revenues increasing 42 percent year on year to $6.9 billion," the company said.
"Boosted by classifieds and another exceptional performance by Tencent, trading profit for the internet segment was $1.8 billion up 47 percent year on year," it said.
The share price of Naspers, which also has stakes in Germany's Delivery Hero DHER.DE , Russia's Mail.ru MAILRq.L and India's Flipkart IPO-FLPK.N , has doubled this year buoyed by Tencent's sharp climb.
Naspers shares were up 0.3 percent at 3,790 rand at 1324 GMT versus a 0.5 percent rise in the JSE's benchmark Top 40 index .JTOPI .
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.