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    TechCentralTechCentral
    Home » Investment » Prosus expects up to 22.7% interim earnings growth

    Prosus expects up to 22.7% interim earnings growth

    By Agency Staff16 November 2020
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    Prosus, the giant investor in online classifieds, food delivery and payments, expects to report a 16.9% to 22.7% growth in earnings per share for the six months to the end of September, it said on Monday.

    The company’s forecast comes a week before it is due to report earnings on 23 November.

    In a statement the company said it faced challenges due to the coronavirus pandemic “particularly in countries where government lockdown regulations were wide ranging and long lasting”.

    “However, we have seen a sharp recovery in all of our impacted businesses … once lockdown regulations began easing,” the company said in a statement.

    It forecast an increase of $0.26 to $0.35 over the $1.54 in earnings per share it registered in the same six months of 2019. Shares in Amsterdam were down 0.5% at 88.34 euros ($104.56) at 6.07pm South African time.

    Prosus is controlled by Naspers and owns a 31% stake in Chinese Internet giant Tencent.  — Reported by Toby Sterling, (c) 2020 Reuters



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