Prosus, a major shareholder of Tencent, reported a profit for the first half of the fiscal year, driven by gains from selling stakes in online businesses in China and South Africa. The Amsterdam-based company announced an adjusted EBITDA of $60 million for the six months ending in September, compared to a loss in the same period last year. Core earnings per share from continuing operations rose from 76 cents to 144 cents.
In September, Prosus divested its shares in China's Trip.com and South African online fashion retailer Superbalist. Additionally, the company reached an agreement to sell its Romanian food delivery company, Tazz. CEO Fabicio Bloisi indicated that Prosus is focusing on leveraging its influence and AI capabilities to navigate the next phase of e-commerce. Prosus, spun off from Cape Town-based Naspers, one of the world's largest tech investment firms, was listed in Amsterdam about five years ago.
