Prosus N.V. Today Announced Its First Set of Results for the Six Months Ended 30 September 2019
November 22, 2019 at 08:23 AM EST
PROSUS (AEX: PRX) DELIVERS SOLID RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019. GROUP REVENUES, TRADING PROFIT AND CORE HEADLINE EARNINGS GREW OVER THE PERIOD, WHILE THE GROUP CONTINUED TO INVEST IN FUTURE GROWTH
Group highlights for the period
Basil Sgourdos, Group Chief Financial Officer, said:
“We executed well during the first six months of the year, growing revenue 20% to US$9.9bn, and trading profit 7% to US$1.9bn. All key segments made good progress against financial and strategic objectives. The Classifieds and Payments & Fintech segments have reached profitability at their core and continue to grow strongly, while investing to drive future growth. Food Delivery remains the largest investment area for the group this year, underscoring our confidence in the strong underlying unit economics of this business. We end the period with a strong net cash position of US$5.4bn, which positions us well to pursue further growth.”
Bob van Dijk, Group Chief Executive, added:
“The successful listing of Prosus on Euronext Amsterdam in September created a new global consumer internet company headquartered in Europe, opening up investor access to our unique portfolio of international internet assets and positioning us well for future growth. For the six months ended 30 September, our first reporting period for Prosus, we delivered solid results and good progress in our core segments, which are growing fast and scaling well.”
* All numbers shown are from continuing operations
The complete results are available at www.prosus.com/investors
Looking ahead – Prosus cash offer for Just Eat plc
For more information please visit www.prosus.com/investors/justeat
Prosus is a global consumer internet group and one of the largest technology investors in the world. Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.
The group is focused on building meaningful businesses in the online classifieds, payments and fintech, and food delivery sectors in markets including India, Russia and Brazil. Through its ventures team investments, in areas including edtech and health, Prosus actively seeks new opportunities to partner with exceptional entrepreneurs who are using technology to address big societal needs.
Every day, millions of people use the products and services of companies that Prosus has invested in, acquired or built, including Avito, Brainly, BYJU’S, Codecademy, eMAG, Honor, iFood, LazyPay, letgo, Meesho, Movile, OLX, PayU, Red Dot Payments, Remitly, SimilarWeb, SoloLearn, Swiggy, and Udemy.
Hundreds of millions of people have made the platforms of its associates a part of their daily lives. For listed companies where we have an interest, please see: Tencent (www.tencent.com; SEHK:00700), Mail.ru (www.corp.mail.ru; LSE:MAIL), Ctrip.com International Limited (“Ctrip”) (NASDAQ:CTRP), and DeliveryHero (www.deliveryhero.com; Xetra:DHER).
Today, Prosus companies and associates help improve the lives of around a fifth of the world’s population.
Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and a secondary listing on the Johannesburg Stock Exchange (XJSE:PRX), and is majority owned by Naspers.
For more information, please visit www.prosus.com
This report contains forward-looking statements as defined in the United States Private Securities Litigation Reform Act of 1995. Words such as “believe”, “anticipate”, “intend”, “seek”, “will”, “plan”, “could”, “may”, “endeavor” and similar expressions are intended to identify such forward looking statements, but are not the exclusive means of identifying such statements.
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