Warren Buffett
It would be interesting to speculate how many people who, after reading the Prosus and Naspers results for the year to March and listening to CEO Bob van Dijk and chief financial officer Basil Sgourdos address shareholders and analysts in a global webcast, are thinking the same thing: would Warren Buffett invest in either company?
Van Dijk and Sgourdos mention that Prosus ended its financial year in a position of strength, pointing to accelerating revenue in the group’s businesses and improved profitability “at the core” of these businesses.
Prosus’s share of equity-accounted income from Tencent came to $3.93-billion, an increase of 15% on the previous year
Management says that excluding the higher investments in food delivery, payments and fintech (as well as acquisitions and disposals), e-commerce trading losses reduced by 28%.
Prosus’s share of equity-accounted income from Tencent came to $3.93-billion, an increase of 15% on the previous year.
Naspers and Prosus CEO Bob van Dijk
The results offer investors a few earnings-per-share (EPS) figures to choose from.
