South Africa's Naspers annual profit up 72 pct, helped by Tencent stake

The headquarters of Media 24, owned by intenet,entertainment and media group Naspers, in Cape Town, South Africa, May 11, 2015. REUTERS/Mike Hutchings/File Photo

JOHANNESBURG (Reuters) - South Africa media and e-commerce giant Naspers reported a hefty 72 percent rise in annual profit on Friday, thanks to a strong showing from its Chinese money spinner Tencent. Naspers, which owns about 30 percent of the Chinese technology firm Tencent, said core headline earnings totaled $2.5 billion, or 581 cents per share, in the year ended March compared with $1.5 billion, or 337 cents per share, a year earlier. Core headline EPS is Naspers' main profit measure that strips out non-operational and one-off items. (Reporting by Tiisetso Motsoeneng; Editing by Edmund Blair)