In this image illustration a Prosus symbol is found on a smartphone and a pc display.
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Dutch technological know-how trader Prosus main headline earnings jumped 84% in the yr to March 31, helped by a robust functionality in e-commerce operations, it mentioned on Monday.
Its main headline earnings ended up $5. billion, in comparison with $2.7 billion a 12 months before, the business reported.
“Our e-commerce portfolio is financially rewarding for the initial time at any time, and our ongoing buyback has developed significant shareholder value,” mentioned the firm’s interim CEO Ervin Tu in a assertion.
The organization a short while ago appointed the head of its food items shipping and delivery business iFood as its new CEO successful from July.
E-commerce is 1 of Prosus’ major locations of investments.
The group’s free dollars-movement approximately tripled 12 months-on-12 months to $524 million, also aided by e-commerce and the general performance of its essential investment, Chinese tech big Tencent.
