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

Published by Uma Rajagopal

Posted on December 2, 2024

1 min read

· Last updated: January 28, 2026

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Prosus logo with financial charts illustrating growth in e-commerce and Tencent - Global Banking & Finance Review
The image features the Prosus logo alongside financial charts depicting significant growth in its e-commerce sector and Tencent's contributions to profits. This visual emphasizes Prosus' impressive 89.5% profit increase in H1, underscoring trends in the tech investment landscape.
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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 […]

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)

Frequently Asked Questions

What is core headline earnings?
Core headline earnings refer to a company's profits derived from its ongoing operations, excluding one-time items or non-recurring expenses, providing a clearer picture of its financial performance.
What is e-commerce?
E-commerce is the buying and selling of goods and services over the internet, allowing businesses to reach customers globally and operate without physical storefronts.
What is Tencent?
Tencent is a Chinese multinational conglomerate holding company with subsidiaries in various internet-related services and products, entertainment, AI, and technology.
What is investment?
Investment involves allocating resources, usually money, in order to generate income or profit, typically through purchasing assets like stocks, bonds, or real estate.

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