{"id":130529,"date":"2022-11-23T09:57:47","date_gmt":"2022-11-23T09:57:47","guid":{"rendered":"https:\/\/myfintale.com\/?p=130529"},"modified":"2022-11-23T09:57:47","modified_gmt":"2022-11-23T09:57:47","slug":"prosus-h1-profit-down-revenues-rise-closes-acquisition-of-remaining-33-3-stake-in-ifood","status":"publish","type":"post","link":"https:\/\/myfintale.com\/industries\/prosus-h1-profit-down-revenues-rise-closes-acquisition-of-remaining-33-3-stake-in-ifood\/","title":{"rendered":"Prosus H1 Profit Down, Revenues Rise; Closes Acquisition Of Remaining 33.3% Stake In IFood"},"content":{"rendered":"<p> Prosus N.V. (PROSY, PROSF), a Dutch <span>technology<\/span> investment group, reported Wednesday that its first-half profit attributable to equity holders of the group declined to $2.54 billion from last year&#8217;s $15.89 billion.<\/p>\n<p>Earnings per ordinary share were 179 US cents, down from 1002 US cents a year ago. Earnings per ordinary share from continuing operations were 165 US cents, compared to 996 US cents last year. <\/p>\n<p>Headline earnings per ordinary share were 11 US cents, compared to 144 US cents a year ago.<\/p>\n<p>On a continuing operations basis, headline loss per ordinary share was 3 US cents, compared to profit of 138 US cents a year earlier.<\/p>\n<p>Group trading profit declined 49 percent to $1.4 billion, mainly reflecting Tencent&#8217;s 26 percent lower contribution to the group&#8217;s trading profit and losses in consolidated ecommerce <span>business<\/span>.<\/p>\n<p>Group revenue, measured on an economic-interest basis, grew 1 percent to $16.5 billion, driven mainly by a 35 percent increase in Ecommerce revenues.<\/p>\n<p>On a consolidated basis, total revenue increased 18 percent to $3.24 billion from $2.75 billion in the prior period.<\/p>\n<p>Separately, Prosus said it has closed the acquisition of remaining 33.3 percent stake in iFood Holdings B.V. and IF-JE Holdings B.V. from minority shareholder Just Eat Holding Limited for 1.5 billion euros in cash.<\/p>\n<p>It was in August that Prosus group entered into an agreement to acquire the remaining stake. Closing of the transaction was subject to approval by the Just Eat Takeway.com shareholders .<\/p>\n<p>The deal prise also includes a contingent consideration of up to a maximum of 300 million in cash .<\/p>\n<p>For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com <\/p>\n<p>Source: <a href=\"https:\/\/www.rttnews.com\/3327625\/prosus-h1-profit-down-revenues-rise-closes-acquisition-of-remaining-33-3-stake-in-ifood.aspx?type=maa\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>Prosus N.V. (PROSY, PROSF), a Dutch technology investment group, reported Wednesday that its first-half profit attributable to equity holders of the group declined to $2.54 <a class=\"mh-excerpt-more\" href=\"https:\/\/myfintale.com\/industries\/prosus-h1-profit-down-revenues-rise-closes-acquisition-of-remaining-33-3-stake-in-ifood\/\" title=\"Prosus H1 Profit Down, Revenues Rise; Closes Acquisition Of Remaining 33.3% Stake In IFood\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":3,"featured_media":130528,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Prosus H1 Profit Down, Revenues Rise; Closes Acquisition Of Remaining 33.3% Stake In IFood - my finance tale<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/myfintale.com\/industries\/prosus-h1-profit-down-revenues-rise-closes-acquisition-of-remaining-33-3-stake-in-ifood\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prosus H1 Profit Down, Revenues Rise; Closes Acquisition Of Remaining 33.3% Stake In IFood - my finance tale\" \/>\n<meta property=\"og:description\" content=\"Prosus N.V. 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