Prosus Sees E-Commerce Business Profit Sooner-Than-Expected
- Company sees e-commerce business profit in second half of 2024
- Prosus weighs buying minority stakes in ‘exceptional’ firms
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Prosus NV and majority owner Naspers Ltd. expect its e-commerce business to become profitable sooner-than-expected.
The business, comprising a portfolio that excludes its Tencent Holdings Ltd. stake, reported a first-half trading loss of $36 million, a $220 million improvement year-on-year, according to a statement published on Wednesday. It’s expected to turn a profit in the second half of 2024, compared with a previous target of the first six months of 2025.