Prosus Swings to Profit in First Half After Asset Sales
- Tech company sold stakes in Trip.com and Suberbalist
- Prosus has about $10 billion to deploy in deals, investment
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Prosus NV reported a first-half profit as the technology investor sold stakes in online businesses in China and South Africa.
Group adjusted earnings before interest and taxes totaled $60 million in the six months through end-September from a loss a year earlier, the Amsterdam-based company said in a statement Monday. The group sold more than $2 billion of assets during the period, including exiting its Trip.com position in China.