Naspers HY Trading Loss Narrows

(RTTNews) - Naspers Limited reported that its trading loss from continuing operations, excluding OLX Autos, for the half of fiscal year 2024 narrowed to $124 million from $365 million in the same period last year.

Revenues from continuing operations, excluding OLX Autos, grew to $3.0 billion from $2.8 billion in the prior year.

The company stated that there has been a meaningful improvement in profitability, allowing the Group to advance its Prosus Ecommerce profitability target to the second half of 2024, six months ahead of schedule.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com