Naspers’ financial results highlight lossesTakealot incurred a loss of $22 million on the back of rising inflation and other factors.Multi-national corporation Naspers has published its financial results for the second half of the year and the firm has told shareholders its on track to achieve its profitability target.
Closer to home Takealot incurred a loss of $22 million representing a trading margin loss of three percent. This, Naspers says reflects slowing consumer demand, rising inflation and a climbing interest rate in South Africa. Takealot’s delivery arm, Mr D has helped keep things from falling into dire straits thanks in part to its partnership with Pick n Pay for grocery deliveries. Revenue from Mr D was up 17 percent for the reporting period.
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Takealot under pressure - TechCentralInflation and rising interest rates in South Africa are two factors that Naspers has pointed to for a loss at Takealot.
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