South Africa's Naspers plans more IPOs in next 18 months after Swiggy success
JOHANNESBURG (Reuters) -South African technology investor Naspers said on Monday its Prosus e-commerce subsidiary plans more listings after last month's Indian IPO of Swiggy, as it posted a 74% jump in half-year core earnings. Naspers said the aim is for Amsterdam-listed Prosus, which holds international investments including a 24.3% stake in Chinese software and gaming giant Tencent, to deliver profit of $400 million and revenue of $6.2 billion, in the financial year to the end of March, 2025. "We had strong growth and strong profitability across the portfolio and we're quite confident that we're going to keep this growth rate," Fabricio Bloisi, CEO of Naspers and Prosus said in an earnings call.