Naspers, Prosus expect strong first-half profit growth

20 Nov 2023

Compiled by Helena Wasserman

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In 2019, Naspers launched Naspers Labs, a development programme that provides young people with the training and skills to pursue tech careers.

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In a trading statement for the six months to end-September, Naspers and its consumer internet arm Prosus forecast strong profit growth.

Naspers' core headline earnings per share is expected to more than double (+108% to +115%) from 204 US cents, while Prosus expects an increase of between 91% and 98%.

Profitability improved in its e-commerce businesses - which include online classifieds, food delivery, payments, fintech and education technology, Prosus said. Among others, it owns the food delivery platform iFood in Brazil, the online payment group PayU and the classifieds group Olx.

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