Prosus (PROSF) has released an update.
Prosus NV has reported solid financial results for the FY24, with a significant achievement of Ecommerce profitability for the full year, well ahead of scheduled targets. Revenue growth was driven by strong performances in core businesses, especially OLX and iFood, leading to improved consolidated trading profits and reduced losses. Additionally, shareholder value was enhanced through a successful share repurchase program, and the appointment of a new CEO, Fabricio Bloisi, promises continued growth and innovation.
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