Naspers Limited (Naspers) is a global Internet group and technology investor, operating in more than 120 countries.
The company recently released its full year results for the period ending 31 March 2019. Revenue for the reporting period increased by 16% yearon-year to US$19.0bn (2018: US$16.4bn) and trading profit grew by 10% year-on-year to US$3.3bn.
E-commerce trading losses declined by 14%, a significant improvement compared to the previous period. This was driven by a US$116m profitability improvement in Classifieds and narrowing trading losses in the Etail, Payments and the Fintech businesses.
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