S.Africa’s Naspers profit doubles on Tencent, e-commerce performance

(Reuters) – South Africa’s Naspers said on Monday its full-year earnings more than doubled, buoyed by improved performance of its e-commerce businesses and contribution from China’s Tencent, which accounts for the bulk of earnings and revenues.

The technology investor said its core headline earnings per share, a key indicator of operating performance in South Africa, from continuing operations rose to 1,148 U.S. cents for the year ended March 31, from a restated 546 cents a year ago.

(Reporting by Nqobile Dludla and Prerna Bedi; Editing by Rashmi Aich)