After having issued a positive profit warning last week, Prosus posted solid H1-24 results marked by an increase in turnover and a considerable improvement in profitability, with core headline earnings having nearly doubled. In line with these improvements in earnings, Prosus now expects to achieve profitability for its e-commerce portfolio in H2-24 vs. H1-25 initially. Long story short, Prosus is making progress on all fronts.
29 Nov 2023
H1 24: Prosus sees e-commerce portfolio profitability arrive sooner than expected
Sign up to access
Get access to our full offering from over 100 providers
Get access to our full offering from over 100 providers
H1 24: Prosus sees e-commerce portfolio profitability arrive sooner than expected
After having issued a positive profit warning last week, Prosus posted solid H1-24 results marked by an increase in turnover and a considerable improvement in profitability, with core headline earnings having nearly doubled. In line with these improvements in earnings, Prosus now expects to achieve profitability for its e-commerce portfolio in H2-24 vs. H1-25 initially. Long story short, Prosus is making progress on all fronts.