Financial results

Naspers results: a story of potential still to be realized

Naspers released its results for the financial year 2014/15 (ended March 31) last night. The big question was: is the impact of the global Naspers/Schibsted peace deal, brokered in the second half of the year, already visible in the annual numbers? The answer: Not really. And what is visible from the results about classifieds, is rather disappointing. For instance, in the first half of FY2014/15...

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Naspers sells property tools (updated)

Updated with buyer information, Naspers feedback. Naspers sold its real estate software subsidiary Korbitec to LexisNexis South Africa, part of the Reed Elsevier Group, for an undisclosed amount. Korbitec also owned and operated Property24.com, South Africa’s biggest real estate vertical, but the site was stripped out of the deal, and Property24.com will stay with Naspers. A company...

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Two overviews: Naspers, Tegna / Gannett

Two very good overview articles about international media / newspaper companies today: — The Financial Times has an overview of Naspers in advance of its annual earnings report on Tuesday. It outlines how Naspers stock has soared during the past few years, primarily because of its huge stake in the Chinese dot-com Tencent, and looks at its classified and other businesses. Here’s a link...

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Gannett / Tegna Digital view: Up, up, up

Profit margins are great at Cars.com, pretty damned good at CareerBuilder.com, and growth at both companies is expected to be in the double digits for the next three years. Tegna, the spinoff from Gannett that will operate both companies when the corporate split is completed next week, provided guidance on both of its major digital units in an investor presentation yesterday. Gannett bought out...

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Auto Trader results in line with expectations

Auto Trader announced strong full-year results in the year it was listed on the London Stock Exchange. The operator of Autotrader.co.uk, the U.K.’s largest online automotive marketplace, achieved strong growth, despite the challenges of internal restructuring, relocation and refocusing itself as a public company. Chairman Ed Williams said, “The financial year 2015 has been a very...

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China’s SouFun announces Q1 2015 results

SouFun Holdings Ltd, the leading real-estate Internet portal in China, is ready to face sharp decreases in its net income while it continues to expand its e-commerce business. “SouFun is aggressively penetrating into new home, resale and rental, and home furnishing transactions across China’s major cities.” said Vincent Mo Tianquan, the company’s chairman and CEO. “We...

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