In this illustration the Prosus logo appears on a smartphone and computer screen.
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Underlying headline profits jumped 84% in the year to March 31, thanks to strong performance in its e-commerce operations, Dutch technology investment firm Prosus said on Monday.
The company said its underlying earnings were $5.0 billion, compared to $2.7 billion a year earlier.
“Our e-commerce portfolio is profitable for the first time ever, and our ongoing buyback has created significant shareholder value,” Irvin Tu, the company's interim CEO, said in a statement.
The company recently appointed the head of food delivery company iFood as its new CEO effective July.
E-commerce is one of Prosus's main investment areas.
The group's free cash flow almost tripled year-on-year to $524 million, also supported by e-commerce and the performance of its main investment, Chinese technology giant Tencent.
