November 22, 2019 / 1:15 PM / 24 days ago

S.Africa's Naspers reports 48% slump in profits

JOHANNESBURG, Nov 22 (Reuters) - South African e-commerce giant Naspers on Friday reported a 48% fall in profit for the six months to Sept. 30 reflecting a drop in gains from its stake in China’s Tencent

Headline earnings per share, the main profit measure in South Africa, fell to 326 cents from a revised 624 cents a year earlier. (Reporting by Emma Rumney; editing by Jason Neely)

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