(ABM FN-Dow Jones) Prosus saw a huge turnover in the first half of its broke fiscal year. The South African investor announced this Monday morning with a listing in Damrak.
“In the first six months of the year, our online business showed strong growth after a solid performance compared to the previous year,” said CEO Bob Van Dyck. The CEO noted that Prosus companies now serve more than two billion people.
In the past six months to September 30, e-commerce revenue grew 53 percent to $4.2 billion. The value of the e-commerce portfolio has risen to nearly $50 billion. In the food segment, sales grew 86 percent to $1.3 billion, while the Payments & FinTech division recorded sales growth of 44 percent to $359 million. Revenue from classifieds increased 101% to $1.3 billion.
Trading profits rose 8 percent to $2.9 billion and core earnings rose 2 percent to $2.3 billion.
Last week, Prosus already announced that profits have improved significantly in the past six months thanks to the sale of a 2% stake in Tencent. Profits amounted to 12.3 billion dollars.
On a year-over-year basis, Naspers’ earnings per share rose 11 percent to $4.16.
Since April 1, $5.2 billion has been invested to boost growth. Investments have been made in the core sectors of meal delivery, education technology, payments, and financial technology, among others.
Pron: ABM Financial News
From Beursplein 5, the editors of ABM Financial News closely follow developments in the stock markets, and the Amsterdam Stock Exchange in particular. The information in this column is not intended as professional investment advice or as a recommendation to make certain investments.
