Prosus full-year profit rises on Tencent, internet investments
Technology investor Prosus NV reported a better than expected net profit of $7.45 billion for its financial year 2021 on Monday, driven by strong returns at its big stake in Chinese internet giant Tencent.
Analysts had seen net profit at $4.63 billion for the 12 months ended March 31, up from $3.66 billion in the same period a year earlier, according to Refinitiv data. Prosus owns 28.9% of Tencent and is itself controlled by Naspers of South Africa.
Source: moneyweb.co.za