Naspers has reported a 29% rise in full year revenue to $19bn, it said on Friday.Naspers Group CEO Bob van Dijk said"the listing and unbundling of MultiChoice Group unlocked around $4bn of value for Naspers shareholders, and virtually all group revenues are now generated from online activities".
Internet revenues were up 18% to $18.7bn while trading profits rose 11% as many e-commerce units accelerated their profitability and Tencent delivered a stable performance. Naspers invested $3.1bn to accelerate growth and provide further scale to several existing and new businesses. He said the group will also"improve the competitiveness of our platforms by continuing to invest in tech and product and reinforce our artificial intelligence capabilities."