(ABM FN-Dow Jones) Prosus has seen a significant increase in turnover in the first half of the broken financial year. The South African investor announced this on Monday morning with a listing on the Damrak.
“In the first six months of the year, our Internet business showed solid growth after a strong performance from a year earlier,” said CEO Bob van Dijk. The CEO pointed out that Prosus’ companies now serve more than 2 billion people.
In the past six months through September 30, e-commerce revenue grew 53 percent to $4.2 billion. The value of the e-commerce portfolio rose to approximately $50 billion. In the Food segment, sales grew 86 percent to $1.3 billion, while the Payments & Fintech division showed sales growth of 44 percent to $359 million. Revenue from Classifieds even increased by 101 percent to $1.3 billion.
Trading profit rose 8 percent to $2.9 billion and core profit rose 2 percent to $2.3 billion.
Last week, Prosus already announced that profits improved considerably in the past six months thanks to the sale of a 2 percent stake in Tencent. Profit came in at $12.3 billion.
Year-over-year, core earnings per share Naspers rose 11 percent to $4.16.
Since April 1, $5.2 billion has been invested to boost growth. Investments were made in the core segments of meal delivery, educational technology, payments and fintech, among others.
Bron: ABM Financial News
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From Beursplein 5, the editors of ABM Financial News keep a close eye on developments on the stock exchanges, 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.
