SHOOT: Not bad, and a key growth area for them was the internet.
INTERNET AND PAY TV DRIVE STRONG REVENUE GROWTH
Naspers today reported a 32% increase in revenue to R12,7 billion for the six months ended September 2008. A key growth area was the internet segment, with recent acquisitions such as Allegro and Ricardo (Tradus) exceeding expectations.
The pay-television business again proved its resilience, recording exceptionally strong growth of 171 000 new equated subscribers. The group now has some 2,3 million subscribers in South Africa and the rest of Africa, a 15% increase from the previous year.
The contribution by the group's associate businesses, including Tencent in China, Mail.ru in Russia and Abril in Brazil, more than trebled to R405 million.
Print media in South Africa remained subdued with revenues growing only 4%. Newspapers and magazine circulation held up, particularly in the emerging market portfolio. Advertising revenue came under pressure but as it comprises only 16% of the group's total revenue base |
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