South Africa's Naspers FY earnings contract 2 pct

World News: . []

South African e-commerce and media firm Naspers reported a 2 percent contraction in full-year earnings after ratcheting up spending on expansion. Naspers' core headline earnings per share decreased to 2,181 cents from 2,216 cents for the year ended March 31. Naspers treats core headline earnings, which exclude some one-off items, as the main measure of profit. Naspers' will pay a 425 cent per share dividend, 10 percent higher than the previous year.

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