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

Published by Global Banking & Finance Review

Posted on December 2, 2024

1 min read

· Last updated: January 28, 2026

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Prosus Nearly Doubles H1 Profit with E-commerce, Tencent Boost

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)

Key Takeaways

  • Prosus NV reports an 89.5% increase in core headline earnings.
  • Growth driven by e-commerce and Tencent's improved profitability.
  • HEPS from continuing operations rose to 144 U.S. cents.
  • Prosus is majority-owned by South Africa's Naspers.
  • The financial results cover the six months ending Sept. 30.

Frequently Asked Questions

What is the main topic?
The article discusses Prosus NV's significant profit growth in the first half of the year, driven by e-commerce and Tencent.
How much did Prosus NV's earnings increase?
Prosus NV's core headline earnings increased by 89.5% in the first half of the year.
What contributed to Prosus NV's profit growth?
The profit growth was primarily due to the accelerated growth and improved profitability of its e-commerce businesses and Tencent.

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