By Najat Kantouar
Prosus, Tencent Holdings' largest shareholder, expects its first-half earnings to grow, boosted by increased profitability at the Chinese technology giant and at its own e-commerce business.
Amsterdam-listed technology investor Prosus--which owns a large stake in Tencent--said Monday that it expects earnings per share from continuing operations for the six months through Sept. 30 of between $2.45 and $2.62, up by 28% to 37% compared with the year-earlier period.
The figures reflect mainly increased profitability in the group's equity-accounted investments, particularly Tencent, as well as gains on sale of stock in the Chinese company, Prosus said.
Prosus also forecast first-half core headline earnings per share from continuing operations to increase between 20% and 28.5% to between $1.73 and $1.85. This reflects growth in revenue and profitability at the group's e-commerce operations and its investments, mainly Tencent, as well as the exclusion of currency-translation losses, it said.
Write to Najat Kantouar at najat.kantouar@wsj.com
(END) Dow Jones Newswires
11-17-25 0208ET
