Prosus doubles half-year core profit amid e-commerce pivot

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Dutch technology investor Prosus reported a 99% surge in its adjusted half-year core profit on Monday, driven by strong performances across its digital services and e-commerce portfolio. Its adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) grew to $423 million from $213 million a year ago, while revenue jumped 22% to $3.6 billion, driven by robust results from its iFood and OLX platforms.

Prosus also confirmed its full-year guidance.

Majority-owned by South Africa’s Naspers and the biggest shareholder of Chinese tech…



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Prosus doubles half-year core profit amid e-commerce pivot



Dutch technology investor Prosus reported a 99% surge in its adjusted half-year core profit on Monday, driven by strong performances across its digital services and e-commerce portfolio. Its adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) grew to $423 million from $213 million a year ago, while revenue jumped 22% to $3.6 billion, driven by robust results from its iFood and OLX platforms.

Prosus also confirmed its full-year guidance.

Majority-owned by South Africa’s Naspers and the biggest shareholder of Chinese tech…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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