Prosus FY Core Headline Earnings Rise

AMSTERDAM (dpa-AFX) - Prosus N.V. reported that its core headline earnings for fiscal year 2021 were US$4.9 billion, up 39% from last year.

Group revenues for the year grew by 33% to US$28.8 billion, reflecting stellar accelerated revenue growth of 54% year-on-year in Ecommerce portfolio and 28% revenue growth at Tencent. Group trading profit grew 44% to US$5.6 billion.

Group results were reported on an economic-interest basis i.e., including a proportionate consolidation of the contribution from associates and joint ventures. Growth percentages were shown in local currency terms and adjusted for acquisitions and disposals.

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