Prosus (PRX) posts first-ever profit from its e-commerce business

As new CEO, Prosus NV and its parent company Naspers Ltd. turned their e-commerce business into profit for the first time in history Fabricio Bloisi is preparing to take over in July.

The e-commerce unit, which does not include a stake in Tencent Holdings Ltd. and includes a portfolio of companies ranging from iFood in Brazil to PayU in India, posted a full-year trading profit of $38 million for the year ended March 31 as it managed to message, scale your business after years of investment.