Prosus Expects Surge in Profits on E-Commerce, Tencent Growth
Prosus NV expects a surge in interim profit on the back of its growing e-commerce business and an increase in the value of the stake it owns in China’s Tencent.
Core headline earnings per share from continuing operations for the six months ended Sept. 30 are expected to be between 20% and 29% higher than last year’s $1.44, Prosus said in a trading statement on Monday.