# Prosus full-year core headline earnings jump 84%
Published: 2024-06-24
Category: News
Category URL: https://tradingherald.com/category/news/
Meta Title: Prosus Achieves 84% Increase in Core Earnings with Strong...
Meta Description: Dutch tech investor Prosus reports an 84% jump in core headline earnings, driven by e-commerce success & a focus on shareholder value. Learn more here.
URL: https://tradingherald.com/prosus-full-year-core-headline-earnings-jump-84/

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qsox2m002hwirg5vexoy7l/images/2024-06-24t065331z1lynxmpek5n05urtroptp4naspers-results-scaled-1737042081581-compressed.webp)

## Prosus full-year core headline earnings jump 84%

(Reuters) – Dutch technology investor Prosus core [headline](https://tradingherald.com/thai-headline-inflation-at-22-month-low-lowers-2023-price-rise-forecast/) earnings jumped 84% in the year to March 31, helped by a strong performance in e-commerce operations, it said on Monday.

Its [core](https://tradingherald.com/rightmove-plans-to-expand-non-core-businesses-shares-fall-on-customer-outlook/) headline earnings were $5.0 billion, compared with $2.7 billion a year earlier, the company said.

“‍Our e-commerce portfolio is profitable for the first time ever, and our ongoing buyback has created significant shareholder value,” said the company’s interim CEO Ervin Tu in a statement.

The company recently appointed the head of its food delivery business iFood as its new CEO effective from July.

E-commerce is one of [Prosus’](https://tradingherald.com/prosus-and-naspers-deny-report-they-are-in-talks-to-sell-tencent-stake/) main areas of investments.

The group’s free cash-flow roughly tripled year-on-year to $524 million, also helped by e-commerce and the performance of its key investment, Chinese tech giant Tencent.

(Reporting by Olivier Sorgho and Anna Peverieri; Editing by David Goodman and Louise Heavens)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---