- Zacks
Is Prosus (PROSY) Stock Outpacing Its Retail-Wholesale Peers This Year?
Here is how Prosus N.V. Sponsored ADR (PROSY) and Tractor Supply (TSCO) have performed compared to their sector so far this year.
- Reuters
Prosus writes off its 9.6% stake in India's Byju’s
Tech investor Prosus NV said it has written off the fair value of its 9.6% stake in Indian edtech firm Byju's during the financial year 2024, making the Dutch firm the first to fully write-off its investment in the troubled startup. Prosus cites the write off to "the significant decrease in value for equity investors". Earlier this year, a group of shareholders in the company, including Prosus, called to oust the company's founders and force a change of leadership, quoting concern about the "future stability" of the company.
- Reuters
Prosus full-year core headline earnings jump 84%
Its core headline earnings were $5.0 billion, compared with $2.7 billion a year earlier, the company said. "Our e-commerce portfolio is profitable for the first time ever, and our ongoing buyback has created significant shareholder value," said the company's interim CEO Ervin Tu in a statement. The company recently appointed the head of its food delivery business iFood as its new CEO effective from July.
