Investors will be scrutinising the results of Naspers and Prosus next week Monday for signs of a reversal of the global internet group’s fortunes that have seen the share prices of the two interrelated companies more than halve over the last year or so. The Naspers share price is down 53% since its high of around R3 835 in February 2021 to the current levels of just above R1 800, while Prosus fell 58% from its February 2021 high of just shy of R2 000 to the current R821.
Adding alternative performance figures to the mix does not seem to make things easier, but Naspers points out that many companies also provide appropriate alternative performance measures to enhance the comparability and understanding of their financial performance. “Since companies across industries are all very different, additional adjustments are necessary to report what management feels is the ‘true’ operational performance,” says Naspers. “For example, we reported a gain of $2.
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