Prosus to Boost E-Commerce Profit to $400 Million for 2025
- CEO deploying artificial intelligence across Prosus businesses
- Prosus expects many of its Indian firms to IPO over 18 months
This article is for subscribers only.
Prosus NV’s new Chief Executive Officer Fabricio Bloisi said adjusted profit at the company’s e-commerce division is expected to surge more than 950% this fiscal year as the executive works to increase the South African business’s market value.
Adjusted earnings before interest and taxes will be $400 million in the 12 months ending in March, Bloisi said in a statement on Monday outlining his first 100 days in the CEO role. That compares to $38 million in the same period a year earlier, the division’s first profit.