Naspers revenue up 20%, but profits hurt

South Africa conglomerate Naspers has reported half-year revenues up 20 per cent to $10.2 billion (€9.2bn).

The company, which is one of the largest technology investors in the world, told shareholders that its half-year profits had fallen by 48 per cent and not helped by a reduction in the value of Chinese on-line site Tencent (Naspers owns 31 per cent of Tencent).

Source: Naspers revenue up 20%, but profits hurt