Naspers Shares Climb on Tencent-Led Earnings Surge
Naspers Limited saw its OTC-listed shares rise 2.17% to $59.57 following a 59.4% jump in Core headline earnings. The South African tech investor's fortune remains tied to its 31% stake in Tencent, which continues to deliver outsized returns.
Global e-commerce operations finally turned profitable after years of heavy investment, marking a strategic milestone. The company's evolution from traditional media to tech investing demonstrates the transformative power of long-term digital asset allocation.
Core headline earnings per share reached 1,830 US cents for the fiscal year, up from 1,148 cents previously. This performance underscores how legacy investments in high-growth tech can fund new ventures - a lesson for cryptocurrency investors navigating market cycles.
