Naspers Limited: Trading Statement.CAPE TOWN, South Africa -- Shareholders are advised that the Naspers (JSE JSE See: Johannesburg Stock Exchange :NPN (1) See new public network. (2) (Negative Positive Negative) See PN junction. )(NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :NPSN NPSN NAS Processing System Network NPSN National Police Support Network Inc. ) group is presently preparing its annual financial statements for the year ending 31 March 2007. The group continues to experience favourable trading conditions in most of its markets and operating performance remains positive. We expect core headline earnings per share for the period to be between 25% and 35% higher than the restated comparable period's core headline earnings per share of 714 cents. We refer shareholders to our annual financial statements and to the website www.naspers.com for an analysis of historic headline and core headline earnings. However, and as reported at the interim stage, International Financial Reporting Standards International Financial Reporting Standards (IFRS) are standards and interpretations adopted by the International Accounting Standards Board (IASB). Many of the standards forming part of IFRS are known by the older name of International Accounting Standards (IAS). (IFRS IFRS International Financial Reporting Standard(s) IFRS Inter Frame Relay Service IFRS Indiana Facilities Registry System ) creates volatility in reported earnings, particularly as it relates to foreign currency translations and fair value accounting. In addition, earnings in the prior year include a capital profit of some R1 billion arising from the sale of the group's interest in United Broadcasting Public Company Limited (UBC) in Thailand. This profit will not recur in the current financial year. As a consequence of these factors, earnings per share for the period is expected to be between 30% and 40% lower than the prior period's restated earnings per share of 1 114 cents. Headline earnings per share for the period is expected to be between 10% and 20% higher than the prior period's restated headline earnings per share of 764 cents. Further details will be provided in the provisional report, due to be released on or about 26 June 2007. The financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors. Sponsor: Investec Bank Limited |
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