Prosus to Boost E-Commerce Profit to $400 Million for 2025 Year

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Prosus to Boost E-Commerce Profit to $400 Million for 2025 Year
ProsusFabricio Bloisi
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(Bloomberg) -- Prosus NV plans to deliver $400 million in adjusted earnings before interest and tax from its e-commerce operations in the year to end-March, ...

-- Prosus NV plans to deliver $400 million in adjusted earnings before interest and tax from its e-commerce operations in the year to end-March, and sees this improving in future, Chief Executive Officer Fabricio Bloisi said.Chicago Should Consider Furloughs, Higher Booze Tax, Watchdog Says

In the first half of the year, e-commerce revenue growth accelerated from fiscal 2024, generating about three times the adjusted EBIT than it did in the entire year last year, he said. Cape Town-headquartered Naspers Ltd. is one of the biggest technology investors globally and listed its internet unit, Prosus, in Amsterdam about five years ago, but kept a single CEO across both entities. Bloisi is contending with the legacy of a complicated business structure that stumped his predecessor, Bob van Dijk, including the group’s investment in Chinese tech giant Tencent Holdings Ltd., and a market environment that’s been tough on some of the group’s dozens of internet businesses.

The resolutions of the General Extraordinary Shareholders Meeting of special closed-ended type private equity investment company INVL Technology that was held on 21 October 2024: 1. Regarding the election of an auditor to carry out the audit of the annual financial statements and setting conditions of payment for audit services.

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