Prosus reports a first-half profit

[Daniel Puchert]

Prosus banks first-half profit

Prosus NV reported a first-half profit as the technology investor with more than 2 billion customers worldwide sold stakes in online businesses in China and South Africa.

Group adjusted earnings before interest and taxes totaled $60 million (R1.09 billion) in the six months through end-September from a loss a year earlier, the Amsterdam-based company said in a statement Monday.

 

[SilverCode]

Is half-profit a normal accounting/business term? It sounds like something Prosus made up to make it seem like their dismal performance is better than it is