Prosus doubles half-year core profit amid e-commerce pivot

Dutch technology investor Prosus reported a 99% surge in its adjusted half-year core profit on Monday, driven by strong performances across its digital services and e-commerce portfolio. Its adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) grew to $423 million from $213 million a year ago, while revenue jumped 22% to $3.6 billion, driven by robust results from its iFood and OLX platforms.

Prosus also confirmed its full-year guidance.

Majority-owned by South Africa’s Naspers and the biggest shareholder of Chinese tech…