Prosus Forecasts 19%-28% Core EPS Surge on E-Commerce Growth and Tencent Stake Gains
Updated
Updated · Bloomberg · Jun 19
Prosus Forecasts 19%-28% Core EPS Surge on E-Commerce Growth and Tencent Stake Gains
1 articles · Updated · Bloomberg · Jun 19
Summary
Core headline earnings per share from continuing operations are expected to rise 19% to 28% for the year ended March 31, Prosus said in a Friday trading statement.
Prosus attributed the projected increase to growth in its e-commerce business and a higher value for its stake in China’s Tencent.
The outlook points to stronger profitability across the group’s continuing operations, with Tencent’s performance still a key driver alongside Prosus’s own operating businesses.