{"id":11898,"date":"2012-06-28T00:00:08","date_gmt":"2012-06-27T22:00:08","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/update-2-development-spend-to-cap-naspers-profit\/"},"modified":"2012-06-28T00:00:08","modified_gmt":"2012-06-27T22:00:08","slug":"update-2-development-spend-to-cap-naspers-profit","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-development-spend-to-cap-naspers-profit\/","title":{"rendered":"UPDATE 2-Development spend to cap Naspers profit"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* E-commerce group sees flat 2012 profit<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Group focusing on organic growth<\/p>\n<p><span><\/span><\/p>\n<p>* 2011 core headline EPS 1,850 cents vs 1,612<\/p>\n<p><span><\/span><\/p>\n<p>* S.Africa group&#8217;s revenue up 19 pct<\/p>\n<p><span><\/span><\/p>\n<p>* Shares up 1.3 percent, up 30 pct this year<\/p>\n<p><span><\/span><\/p>\n<p>By Helen Nyambura-Mwaura<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, June 27 &#8211; Heavy spending to drive organic<br \/>\ngrowth at South Africa&#8217;s e-commerce and media company Naspers<br \/>\n will keep profit flat this year, as the company steers<br \/>\naway from the acquisition trail in the face of high valuations<br \/>\nand restless shareholders.<\/p>\n<p><span><\/span><\/p>\n<p>Chief Executive Koos Bekker sees the $22 billion company,<br \/>\nwhich reported a 15 percent jump in profit for the year to the<br \/>\nend of March, increasing revenue by about 20 percent this year<br \/>\nand spending over 7 percent of that to grow its own businesses.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We will probably keep growing the top line quite nicely at<br \/>\naround 20 percent or so, but the profit line will be flat<br \/>\nbecause we tend to spend quite a lot in developing our own<br \/>\nservices,&#8221; he told Reuters in a telephone interview.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* E-commerce group sees flat 2012 profit * Group focusing on organic growth * 2011 core headline EPS 1,850 cents vs 1,612 * S.Africa group&#8217;s revenue up 19 pct * Shares up 1.3 percent, up 30 pct this year By Helen Nyambura-Mwaura JOHANNESBURG, June 27 &#8211; Heavy spending to drive organic growth at South Africa&#8217;s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-11898","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=11898"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11898\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}