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Prosus' E-commerce Posts 1st Trading Profit Last Yr
Prosus, a unit of Naspers, the major shareholder of TENCENT (00700.HK), saw its full-year profit drop by 35% to US$6.61 billion as of the end of March, topping market expectations ...
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Prosus' E-commerce Posts 1st Trading Profit Last Yr
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Prosus, a unit of Naspers, the major shareholder of TENCENT (00700.HK)  +9.000 (+2.285%)    Short selling $633.76M; Ratio 9.511%   , saw its full-year profit drop by 35% to US$6.61 billion as of the end of March, topping market expectations of US$6.25 billion.

Last year, Prosus' e-commerce business became profitable for the first time, with a trading profit excluding TENCENT of US$38 million, thanks to efficiency improvements in core businesses such as classified advertising, food delivery, payments and financial technology, as well as further cost reductions.

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During the period, Prosus' core profit surged 84% to US$5 billion.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-27 16:25.)

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