Naspers’ Video-Entertainment Business Hit by Weaker Currencies - News Summed Up

Naspers’ Video-Entertainment Business Hit by Weaker Currencies


JOHANNESBURG—Media giant Naspers Ltd., Africa’s largest company by market capitalization, said its video-entertainment business has suffered after a sharp tumble in global commodity prices weakened African currencies and consumer sentiment on the continent. On Friday, the company announced that its net profit for the year ended March 31 dropped...


Source: Wall Street Journal June 27, 2016 16:41 UTC



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