Tech investor Prosus reports full-year profit up 6.7per cent

Tech investor Prosus reports full-year profit up 6.7per cent

AMSTERDAM: Prosus NV, one of the world's largest technology investors, on Monday said net profit for the year to March 31, 2020 rose a better than expected 6.7per cent to US$3.82 billion, helped by strong growth at its biggest investment, Tencent.

Analysts polled by Refinitiv had forecast net profit of US$3.57 billion.

Prosus, which listed in Amsterdam in September 2019, holds a 31per cent stake in Tencent worth US$186 billion at current prices.

(Reporting by Toby Sterling; Editing by David Goodman)

Source: Reuters

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