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23.06.25 - 07:51
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Naspers Accelerates Growth and Profitability, With 18X Improvement in Ecommerce Adjusted EBIT (Business Wire)
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CAPE TOWN, South Africa--(BUSINESS WIRE)--Naspers Limited (Naspers) (JSE: NPN) delivered a strong performance during a transformative year, as we build the leading lifestyle ecommerce company in Latin America, Europe and India, driven by AI and innovation.
Ecommerce revenue growth of 21%, to US$7.0bn.
Adjusted EBIT increased 18 times to US$430m.
iFood aEBIT grew 178%, OLX aEBIT up 61% and eMAG achieved profitability.
Free cash flow improved by US$263m, excluding Tencent.
US$7.8bn1 invested to strengthen our regional ecosystems and expand our portfolio of AI-native startups.
Buybacks returned over US$50bn2, driving 15% NAV per share accretion.
Fabricio Bloisi, Group CEO, Prosus and Naspers said: “Naspers is rapidly transforming into an operating technology company, focused on lifestyle ecommerce, and powered by innovation and collaboration. This past year, we announced two significant deals to strengthen our regional ecosystems. We completed the acquisition of Despegar in May 2025 and are already integra...
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23.06.25 - 07:51
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Prosus Accelerates Growth and Profitability, with 12X Improvement in Ecommerce Adjusted EBIT and 100% Increase in Dividend (Business Wire)
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AMSTERDAM & JOHANNESBURG--(BUSINESS WIRE)--Prosus N.V. (Prosus) (AEX and JSE: PRX) delivered a strong performance during a transformative year. We have exceeded our profitability targets, as we build the leading lifestyle ecommerce company in Latin America, Europe and India, driven by AI and innovation.
Ecommerce revenue growth of 21%, to US$6.2bn.
Adjusted EBIT increased twelve times to US$443m, ahead of guidance.
iFood aEBIT grew 178%, OLX aEBIT up 61% and eMAG achieved profitability.
Free cash flow positive for the first time, excluding Tencent.
100% increase in dividend to €0.20.
US$7.8bn1 invested to strengthen our regional ecosystems and expand portfolio of AI-native startups.
Buybacks2 returned over US$50bn, driving 15% NAV per share accretion.
Fabricio Bloisi, Prosus CEO, Prosus and Naspers said: “Prosus is rapidly transforming into an operating technology company, focused on lifestyle ecommerce, and powered by innovation and collaboration. This past year, we announced two significant deals to...
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28.05.25 - 03:30
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TENCENT Splashes RMB1.2B+ to Acquire 9.38% Stake in SM Entertainment: Report (AAStocks)
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South Korean regulatory documents revealed that TENCENT (00700.HK) has acquired all SM Entertainment shares held by HYBE, the management company of the South Korean supergroup BTS, for KRW243.3 billion (around RMB1.277 billion), according to various foreign media reports.HYBE announced that the sale involved a total of 2.212237 ......
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20.04.25 - 20:24
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Hertz Global And Webull Stocks Are Among Top Mid-Cap Gainers Last Week (Apr 14-Apr 18): Are The Others In Your Portfolio? (Benzinga)
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Top mid-cap performers last week: Webull Corp, Hertz Global, Metsera Inc, Vista Energy, Certara Inc, Sibanye-Stillwater, Banco Macro, Grupo Financiero Galicia, Banco BBVA Argentina, Recursion Pharmaceuticals, Pampa Energia
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24.03.25 - 08:01
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Monthly Update - February 2025 (Cision)
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24 March 2025
Ashoka WhiteOak Emerging Markets Trust plc
(the 'Company')
Monthly Update – February 2025
The Company's monthly factsheet as at 28 February 2025 is now available: https://www.awemtrust.com/factsheet
The Company was down 1.19% in February 2025, underperforming the benchmark by 0.35%. The key contributors include Alibaba (+42.8%, largest e-commerce company in China with presence in cloud computing and digital media), Naspers (+11.4%, one of the largest technology investors in the world and owns 57% of Prosus), and BYD Company (+34.6%, largest...
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