Naspers offshoot Prosus reports earnings boost from stake in Tencent

Naspers offshoot Prosus reports earnings boost from stake in Tencent

A logo sits on display inside the headquarters of Napsters Ltd., at the Media24 Ltd. office complex in Cape Town, South Africa. Photographer: Halden Krog/Bloomberg

Prosus NV, the international investment arm of South Africa’s Naspers, reported a better than expected net profit of $7.45 billion for 2021 on Monday, driven by strong returns from its big stake in Chinese software giant Tencent.