More profit for Naspers

The company is seeing excellent returns from Tencent and other e-commerce businesses.

Naspers Ltd has said it anticipates an increase in earnings for the most recent financial year. It said this week that core headline earnings per share, which exclude one-time items, rose 70 percent, to 75 percent in the year through March.

Naspers says the increase in earnings is bolstered by Chinese internet giant Tencent Holdings Ltd, in which it owns a 31 percent stake, along with various e-commerce businesses.

According to Bloomberg, Naspers’s 31 percent stake in Tencent is worth more than the company as a whole, and CEO Bob Van Dijk has pledged to narrow the valuation gap.