E-commerce performance gives Prosus more bang for its bucks

In a small but important step to break the shackles of being regarded as a proxy for Tencent, Prosus delivered a third straight annual profit from its classifieds unit, which helped narrow losses in the broader e-commerce platforms.

Prosus is the global internet arm of SA’s most valuable company, Naspers, and houses its prized R3-trillion stake in the Chinese money maker. Prosus has been grappling with trillions of rand in valuation shortfall to the sum of its parts, prompting it to embark on structural fixes...

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E-commerce performance gives Prosus more bang for its bucksPayments unit and classifieds business revenue grows a huge 54%
Source: BDliveSA - 🏆 12. / 63 Read more »

BUSINESS MAVERICK: Prosus delivers sterling results, but concerns remain around capital allocation and management incentives‘Leave us alone and we will prove ourselves worthy.’ This has been the strategy of Prosus and Naspers management for the longest time. But it has worn thin as issues such as executive remuneration, the share price discount and the latest share swap scheme rose up. But nothing sweetens prospects for investors as much as good results, and the latest results are superb. Will this be a balm for investors?
Source: dailymaverick - 🏆 3. / 84 Read more »

Naspers and Prosus in share swap Catch-22 - The Mail & GuardianAsset managers are concerned about the share exchange but others welcome it because Naspers has dominated the JSE
Source: mailandguardian - 🏆 2. / 92 Read more »

E-commerce performance gives Prosus more bang for its bucksPayments unit and classifieds business revenue grows a huge 54%
Source: BDliveSA - 🏆 12. / 63 Read more »

Naspers profit surges as pandemic boosts online transactionsRevenue from food delivery about doubled during the year to end-March, with e-commerce income rising 46%
Source: BDliveSA - 🏆 12. / 63 Read more »

BUSINESS MAVERICK: Prosus delivers sterling results, but concerns remain around capital allocation and management incentives‘Leave us alone and we will prove ourselves worthy.’ This has been the strategy of Prosus and Naspers management for the longest time. But it has worn thin as issues such as executive remuneration, the share price discount and the latest share swap scheme rose up. But nothing sweetens prospects for investors as much as good results, and the latest results are superb. Will this be a balm for investors?
Source: dailymaverick - 🏆 3. / 84 Read more »