Tag: food delivery

Prosus is successfully delivering on its commitments. The fundamentals of its operating businesses are improving, driving profitable growth. The ongoing open-ended buyback continues to compound value over time and the removal of the cross-holding agreement has greatly simplified the Group’s structure.

Naspers is successfully delivering on its commitments. The fundamentals of its operating businesses are improving, driving profitable growth. The ongoing open-ended buyback continues to compound value over time and the removal of the cross-holding agreement has greatly simplified the Group’s structure.

In the second half of the year, the Group made significant progress delivering on its strategic priorities, positioning it well for long-term value creation. The ongoing open ended repurchase programme is creating significant value for shareholders and actions taken in H2 to streamline operations have improved profitability. The Group has increased confidence in achieving its H1 2025 profit ambition, while continuing to deliver high growth.

In the second half of the year the Group made significant progress delivering on its strategic priorities, positioning it well for long-term value creation. The ongoing open ended repurchase programme is creating significant value for shareholders and actions taken in H2 to streamline operations have improved profitablity. The group has increased confidence in achieving its H1 2025 profit ambition, while continuing to deliver high growth.

Naspers Limited (JSE: NPN) announced strong revenue growth with profitability in core operations for the year ending 31 March 2022. Building on the prior year’s standout performance, the Group’s ecommerce portfolio delivered revenue growth of 49% to US$10.7 billion.

Prosus N.V. (AEX: PRX) announced strong revenue growth with profitability in core operations for the year ending 31 March 2022. Building on the prior year’s standout performance, the Group’s ecommerce portfolio delivered revenue growth of 51%1 to US$9.8 billion.

The Naspers Board is immensely proud of what our people achieved during the past year. They managed the pandemic, delivered powerful revenue growth and lifted profitability. Foundations were laid for future growth. The year ended 31 March 2021 (FY21) was an extraordinary period.