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Prosus turns your e-commerce business into unprecedented profits

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(Bloomberg) — Cape Town-based Prosus NV and its parent company Naspers Ltd. have turned their e-commerce business into a profit for the first time, as new CEO Fabricio Bloisi prepares to take the reins in July.

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The e-commerce business, which excludes Tencent Holdings Ltd. and comprises a portfolio of companies ranging from iFood in Brazil to PayU in India, reported an annual trading profit of US$38 million as it managed to expand its business after years investment, according to a statement released on Monday.

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