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Home > Business > Prosus nearly doubles profit in H1 on strong e-commerce, Tencent growth

Business

Prosus nearly doubles profit in H1 on strong e-commerce, Tencent growth

Published by Uma Rajagopal

Posted on December 2, 2024

Featured image for article about Business

JOHANNESBURG (Reuters) – Dutch technology investor Prosus NV reported on Monday an 89.5% jump in core headline earnings during its half year, driven by accelerated growth and improved profitability of its e-commerce businesses and China’s Tencent.

Prosus, majority-owned by South Africa’s Naspers, said core headline earnings per share (HEPS) from continuing operations rose to 144 U.S. cents in the six months ended Sept. 30, up from 76 U.S. cents.

(Reporting by Nqobile Dludla; Editing by Jacqueline Wong)

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