Earnings up around a fifth to just over $ 3 billion in the first six months.
The Dutch internet investment company Prosus has earned significantly more thanks to operational progress in its own businesses and price gains in financial investments. In the first six months of the financial year, profits rose by around a fifth to just over 3 billion dollars (around 2.5 billion euros), as the company announced on Monday in Amsterdam.
Prosus also announced details of the share buyback announced in October. Accordingly, 1.4 billion dollars are to be invested in the purchase of own shares and 3.6 billion dollars in the acquisition of shares in the South African parent company Naspers.
Prosus buys back its own shares and those of the parent due to the lack of suitable investment alternatives and the relatively low valuation of the company. Bob von Dijk, head of Prosus and Naspers, said at the end of October that many investments or companies in the Internet industry that were for sale were valued very highly and investing in one's own portfolio made sense.
Especially since the market capitalization of the two companies is well below the net value of the investments.
The most important stake of Prosus and Naspers is the 31 percent stake in the Chinese Internet company Tencent. The Prosus shares, which have been listed in the Eurozone selection index EuroStoxx 50 since September and 70 percent belong to Naspers, are currently valued at around 148 billion euros on the stock exchange.
Naspers himself comes to almost 75 billion euros. The 31 percent stake in Tencent alone currently has a market value of the equivalent of 190 billion euros. In addition, Prosus and Naspers hold around a fifth of the Dax-listed food delivery service Delivery Hero, which currently has a market capitalization of around 20 billion euros. Delivery Hero is represented in Austria with Mjam.
