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Prosus posts $617 mln e-commerce trading loss, H2 sees improvement

June 27, 2023
Source: reuters.com reuters.com
News Snapshot:
AMSTERDAM, June 27 (Reuters) - Prosus (PRX.AS), one of the world's biggest investors in technology and operators of consumer Internet companies, on Tuesday reported a fall in 2023 profit but said trading had improved in the second half of the year. Net profit fell to $10 billion from $18.6 billion, mostly due to a worse performance by Chinese software giant Tencent (0700.HK), in which Prosus owns a 26% stake. Among e-commerce companies Prosus considers part of its core operations, revenue grew by 10% to $5.8 billion, the company said. Its trading loss in the second half of the year came...
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