Naspers sees full-year earnings as much as 25% lower

Earnings per share excluding one-time items are 15% to 20% higher.

Naspers, Africa’s biggest company by market value, said full-year earnings were as much as 25% lower than in the 12 months through March.

Earnings per share will be 20% to 25% lower compared with the previous year’s $3.11, the Cape Town-based company said in a statement on Wednesday. Earnings per share excluding one-time items were 15% to 20% higher, the media company and technology investor said.

© 2016 Bloomberg

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