PLUS1
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Prosus NV | EU:PRX | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.76 | 1.81% | 99.16 | 99.00 | 99.34 | 99.58 | 97.80 | 98.10 | 1,746,161 | 16:40:00 |
Prosus Fiscal Year 2020 Net Profit Rises; Confident for Future
29/06/2020 6:14pm
Dow Jones News
Prosus NV (EU:PRX)
Historical Stock Chart
From Jan 2020 to Jan 2021
By Sabela Ojea
Prosus NV reported Monday a rise in net profit for fiscal 2020 and said it is confident to navigate through the effects of the coronavirus pandemic.
The Amsterdam-listed company, which was spun out of Naspers Ltd. in 2019, posted a pretax profit for the year ended March 31 of $3.79 billion compared with $4.51 billion for the same period a year earlier.
Net profit increased to $3.82 billion from $3.58 billion, while revenue reflected growth of 17%, reaching $21.5 billion.
Core headline earnings from continuing operations were $3.4 billion, rising 9%.
"Improving profitability in Tencent and the more established ecommerce businesses were partially offset by the additional investment in the food-delivery business," it said.
Regarding the final dividend for the year, the company said that the board recommends a gross payment in the form of a capital repayment of 11 European cents (12.3 U.S. cents) a share.
"While the impact [of coronavirus] is likely to persist for some time, we are confident to weather the storm. The group's focus is on safety, plus leveraging its financial flexibility to continue building a business that grows strongly, generates high rates of return and provides employment for thousands over the long term," Prosus said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
June 29, 2020 12:59 ET (16:59 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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