By Nqobile Dludla
South African technology investor Naspers said on Monday its Prosus e-commerce subsidiary plans more listings after last month’s Indian IPO of Swiggy, as it posted a 74% jump in half-year core earnings.
Naspers said the aim is for Amsterdam-listed Prosus, which holds international investments including a 24.3% stake in Chinese software and gaming giant Tencent to deliver profit of $400 million and revenue of $6.2 billion, in the financial year to the end of March, 2025.
“We had strong growth and strong profitability across the portfolio and we’re quite confident that we’re going to keep this growth rate,” Fabricio Bloisi, CEO of Naspers and Prosus said in an earnings call.
The $400 million forecast in adjusted earnings before interest, tax (EBIT) is a large improvement on the $38 million in the previous financial year at Prosus.
Prosus hopes to list PayU next year and other Indian investments,
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