Prosus reports $2 billion in core earnings, sees ecommerce profitability earlier

Prosus NV, a large technology investor, said on Wednesday its core headline earnings increased 118% in the first half of 2024, citing improved profitability in its stable of e-commerce investments.

“After years of investment and growth, our businesses are now at scale and demonstrate improving profitability,” the company said in a statement, saying it now expects these investments to reach profitability in its current financial year, six months earlier than expected.