Prosus, Tencent Holdings’ 700 -2.44%decrease; red down pointing triangle 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.
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