Prosus, the technology holding firm being carved out of South Africa’s Naspers Ltd (NPNJn.J), registered a 31% rise in second quarter profit to $1.40 billion, thanks to its stake in China’s Tencent (0700.HK), its prospectus showed on Monday.
Prosus, which is to float on Amsterdam’s Euronext stock market on Sept. 11, holds Naspers’ 31.1% stake in Tencent, worth around $120 billion at current prices.
