November 18, 2019 / 2:25 PM / 24 days ago

Prosus says "core headline EPS" rose 3-9% in April-Sept

AMSTERDAM, Nov 18 (Reuters) - Prosus NV, the technology investment company that owns a large stake in China’s Tencent, said on Monday that it expects a rise of between 3% and 9% in “core headline earnings per share” from continuing operations for its fiscal first half year ended Sept. 30.

Dutch-based Prosus was spun out South Africa’s Naspers in a Sept. 11 initial public offering, and Naspers retains a 73.8% stake. Prosus said it was releasing half-year figures on Monday ahead of its official earnings due on Nov. 22.

The non-standard “core headline earnings per share” figure excludes one-off gains from the sale of operations in both years, as well as some other non-operating items including the issue of shares to executives as payment, Prosus said in its trading update.

Reporting by Toby Sterling; Editing by Susan Fenton

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